Monthly Budget Planner
Plan your monthly budget with income and expense categories. See savings rate instantly.
About this calculator
The Monthly Budget Planner lets you list your income and every expense category on one screen and see your savings and your savings rate update as you type. The categories are housing, food, transport, utilities, health, entertainment, savings, EMIs and loans, and other.
Use it once to see where your money actually goes, then again after a month of real spending to compare plan and reality. The most useful number is the leftover: if the total of your expenses is higher than your income, you are spending savings or borrowing, and that is the first thing to fix.
How to use it
- Enter your Monthly Income after tax.
- Fill in each expense category with a monthly amount.
- Include your planned Savings and your EMIs or loan payments as lines.
- Read the totals, the amount left over and your savings rate.
How the totals are worked out
Total expenses = sum of all categories. Balance = Income − Total expenses. Savings rate = (Savings + any positive balance) ÷ Income × 100. A negative balance means you plan to spend more than you earn.
Worked example
Income ₹60,000, expenses ₹49,000 including ₹10,000 savings
| Housing | ₹15,000 |
| Food | ₹8,000 |
| Transport | ₹3,000 |
| Utilities | ₹2,500 |
| Health | ₹1,500 |
| Entertainment | ₹2,000 |
| Savings | ₹10,000 |
| EMI / loans | ₹5,000 |
| Other | ₹2,000 |
| Total | ₹49,000 |
| Left over | ₹11,000 |
The plan leaves ₹11,000 unallocated. Put that money to work deliberately, in an emergency fund or an SIP, or it will drift into spending.
Tips and common mistakes
- Enter real figures from your bank statement, not guesses. Most people underestimate food and small spends.
- List annual costs like insurance and school fees divided by twelve, so that they do not surprise you.
- Treat savings as a bill. Put it in the plan as a line and pay it first.
- Keep an emergency fund of three to six months of expenses before you take investment risk.
- Revisit the plan monthly for the first three months, then quarterly.
Frequently asked questions
How do I make a monthly budget?
List your income, list every expense by category, and compare. Adjust until expenses plus savings equal your income.
What is a healthy savings rate?
Twenty percent of take-home pay is a common target. Ten percent is a reasonable start.
Should EMIs be a separate line?
Yes. EMIs are fixed commitments, and seeing them separately shows how much of your income is already spoken for.
What if my expenses are more than my income?
Find the categories that grew most and trim them, increase income, or restructure debt. Do not rely on credit to fill the gap.
Does the planner save my data?
It does not send anything to a server. Enter your figures each visit or note the totals yourself.
Can I use it for a family budget?
Yes. Use combined household income and expenses.