Budget Planner Calculator - Monthly Budget Template Free

Create perfect monthly budget plan with 50/30/20 rule. Track income, expenses, savings. Free personal finance budget calculator for families & individuals.

💰 Monthly Income

Total Income
$5,500.00

🏠 Needs (50% = $2,750)

Total Needs
$2,350.00

🎉 Wants (30% = $1,650)

Total Wants
$900.00

💎 Savings (20% = $1,100)

Total Savings
$1,200.00

📊 Budget Summary

Total Income: $5,500.00
Total Expenses: $4,450.00
Remaining: $1,050.00
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What is the 50/30/20 Budget Rule?

The 50/30/20 budget rule is a simple budgeting method that divides after-tax income into three categories: 50% for needs, 30% for wants, and 20% for savings and debt repayment. This personal finance budget template helps you manage money effectively.

Budget Categories Explained

  • Needs (50%) - Essentials like rent, utilities, groceries, transportation, insurance, healthcare
  • Wants (30%) - Non-essentials like entertainment, dining out, shopping, hobbies, vacations
  • Savings (20%) - Emergency fund, investments, retirement, debt repayment

How to Use This Budget Planner

  1. Enter your monthly income (salary, side income, other sources)
  2. Fill in your needs expenses (rent, utilities, groceries, etc.)
  3. Add your wants expenses (entertainment, dining, shopping)
  4. Input your savings and debt payments
  5. Review your budget summary and remaining balance

Monthly Budget Tips 2026

  • Track every expense to understand spending patterns
  • Build emergency fund covering 3-6 months expenses
  • Reduce wants if overspending in that category
  • Automate savings to reach financial goals faster
  • Review budget monthly and adjust as needed
  • Use envelope budgeting method for cash expenses

Why Use Budget Calculator?

  • ✓ Free monthly budget template with auto-calculation
  • ✓ 50/30/20 rule built-in for easy budgeting
  • ✓ Track income, expenses, savings in one place
  • ✓ Perfect for personal finance & family budgets
  • ✓ No registration required, 100% free