Monthly Income Sources
Enter your take-home pay (after taxes). If income varies, calculate an average[citation:5].
Primary Income
Other Income
Pay Frequency Helper
Convert your pay to monthly: If paid weekly, multiply by 52/12. If paid bi-weekly, multiply by 26/12[citation:5].
Monthly Expenses
Categorize your spending. Needs are essentials (housing, food). Wants are lifestyle choices[citation:3][citation:9].
Needs (50% Goal)
Wants (30% Goal)
Savings, Debt & Goals
Plan for the future and pay down debt[citation:3].
Savings & Investments
Aim for 3-6 months of expenses[citation:3].
Debt Payments
Your Budget Summary & Plan
Total Monthly Income
$0
All Money In
Total Expenses
$0
Needs + Wants
Monthly Cash Flow
$0
Income - Expenses
Savings Rate
0%
of Income Saved
50/30/20 Budget Analysis[citation:6]
This rule suggests allocating 50% of income to Needs, 30% to Wants, and 20% to Savings/Debt.
Recommendations
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