Budget & Goals
Budget Planner
Track income vs expenses and plan monthly budget
About the Budget Planner calculator
Free Budget Planner Calculator to track monthly income vs expenses. Plan personal budget, categorize expenses & monitor savings rate for goals.
How the maths works
Budget Planning Formula
Net Income = Total Income - Total Expenses- Net Income
- Amount left after all expenses (savings potential)
- Total Income
- Sum of all income sources (salary, freelance, etc.)
- Total Expenses
- Sum of all monthly expenses and bills
A worked example
Monthly Budget Example
| Income | ₹80,000 (Salary + Freelance) |
| Expenses | ₹65,000 (Rent, Food, etc.) |
| Net Income | ₹15,000 |
Savings Rate: 18.75%, Budget Surplus
How to use it
- Add all your income sources
- List all monthly expenses by category
- Calculator shows net income automatically
- View savings rate and budget status
- Get personalized budget recommendations
What it accounts for
- Track multiple income sources
- Categorize all expenses
- Calculate savings rate
- Budget surplus/deficit analysis
- Expense breakdown by category
Why it is worth working out
- Control your finances
- Identify spending patterns
- Increase savings rate
- Achieve financial goals
Questions people ask
What is the 50/30/20 rule?
Fifty per cent of take-home pay to needs, thirty to wants, twenty to savings and debt repayment. It is a useful default and a poor fit wherever rent is high — in an expensive city, needs alone can take 60%, at which point the rule tells you something true about the city rather than something useful about your budget.
Should I budget on gross or net income?
Net — what actually lands in your account after tax and deductions. Budgeting on CTC is how people end up structurally overcommitted, because a meaningful slice of CTC is employer PF, gratuity provisioning and benefits you never see as cash.
Where does the EMI go, needs or wants?
A home loan or education loan EMI is a need. A car loan for a car you did not require, or a consumer loan for a phone, is a want you have already committed to — which is exactly what makes it dangerous. Categorising it honestly is the point of the exercise.
How do I budget for costs that are not monthly?
Insurance premiums, school fees, festivals and maintenance are annual but predictable. Divide each by twelve and set that aside every month in a sinking fund. Treating them as surprises when they arrive is the most common reason an otherwise sound budget breaks.
Read more on this
- Your first salary arrived — here is what to do in the first 30 days — The first paycheck sets the pattern for the next ten years. Open the right accounts, start the right habits, buy the right insurance, and automate the right transfers — in order.
- Sizing an emergency fund for your actual life, not the textbook one — Six months of expenses is the standard answer. It is right for almost nobody exactly. How to work out the number that fits your income, your dependants and your insurance.
- What to do with a raise, in the two weeks before it arrives — Lifestyle inflation happens by default, not by decision. Splitting the increase before it lands is the only intervention that reliably works.
- Sinking funds — why your budget works until March — Most budgets fail on costs that are entirely predictable but do not occur monthly. Insurance, festivals, repairs, travel. The fix is arithmetic, not discipline.
This calculator is for information and education. It is not financial advice — see the disclaimer.