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Budget Planner

Monthly Budget Planner

Break down your monthly income against spending categories to see exactly where your money goes, how much you're saving, and whether your budget is balanced.

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📋 Enter Monthly Income & Expenses

Monthly Expenses

📊 Your Budget Breakdown

Enter your income and expenses
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Disclaimer: Results provided by this calculator are for educational and estimation purposes only. They do not constitute formal financial, investment, or tax advice. Actual returns, rates, and tax treatment depend on your specific circumstances and prevailing regulations. Consult a certified financial advisor or chartered accountant before making financial decisions.

How This Budget Planner Works

This tool totals your category-wise monthly expenses and subtracts them from your income to show your surplus (or deficit) and savings rate. It's a simplified version of the classic 50/30/20 rule: roughly 50% of income to needs, 30% to wants, and 20% to savings/debt repayment — a useful benchmark, not a hard rule.

Worked Example

On a monthly income of ₹50,000 with ₹15,000 housing, ₹8,000 food, ₹3,000 transport, ₹2,000 utilities, and ₹2,000 entertainment (₹30,000 total expenses), you're left with a ₹20,000 surplus — a 40% savings rate, well above the 20% benchmark. That surplus should ideally be split between an emergency fund (if you don't have 6 months of expenses saved yet) and long-term investments like SIPs.

Frequently Asked Questions

20% of income is a commonly cited benchmark, but it's just a starting point — the right number depends on your goals, age, and obligations. Someone aggressively pursuing FIRE (Financial Independence, Retire Early) might target 50%+, while someone with high fixed obligations early in their career might start closer to 10-15% and increase it over time.
Yes — divide annual or irregular costs (insurance, festivals, annual subscriptions) by 12 and include that monthly average in your budget, ideally sinking that amount into a separate account so the lump-sum payment doesn't blow up your budget when it's due.
First, build an emergency fund covering 6-12 months of expenses in a liquid instrument (use our Emergency Fund Calculator to size it). Once that's in place, direct surplus toward SIPs, retirement accounts (PPF/NPS), or debt payoff, prioritized by interest rate — pay off high-interest debt (credit cards, personal loans) before investing.
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