Home Budget Calculator
Plan your household budget by comparing income against expenses. See where your money goes and find opportunities to save each month.
Monthly Income
Housing
Utilities
Living
Lifestyle
Savings & Debt
Budget Summary
How to Create a Home Budget
A home budget compares your total household income against your expenses to show whether you're living within your means. Follow these steps:
- Enter all sources of monthly income (salary, side income, etc.)
- Fill in your estimated monthly expenses across each category
- Review the summary to see your remaining balance
- If you're over budget, look for categories where you can cut back
A common guideline is the 50/30/20 rule: 50% of income for needs (housing, food, utilities), 30% for wants (entertainment, dining out), and 20% for savings and debt repayment.
Frequently Asked Questions
The 50/30/20 rule suggests allocating 50% of after-tax income to needs (housing, food, utilities), 30% to wants (entertainment, dining out, hobbies), and 20% to savings and debt repayment. This calculator helps you see how your actual spending compares to this guideline.
Use your net (after-tax) income — the amount that actually reaches your bank account. This gives you a realistic picture of the money available for expenses and savings.
The calculator will show a negative "Over Budget" amount in red. Review each category to identify areas where you can reduce spending, starting with lifestyle and discretionary categories.
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