Budget Calculator

Your details

Choose whether all amounts below are monthly or annual figures.
Your take-home pay after all taxes and deductions.
If paying monthly via escrow, enter that amount. If annual, switch to annual mode.
Enter the total minimum (or actual) monthly payment, not the balance.
If you budget this annually (e.g. one big trip), switch to annual mode.
Currency
Monthly balanceSurplus
$630

Income minus expenses each month (positive = surplus, negative = deficit)

Monthly income$5,000
Monthly expenses$4,370
Annual balance$7,560
Savings rate0.1%
Expense-to-income ratio0.9%
Needs (% of income)0.7%
Wants (% of income)0.1%
Savings and debt (% of income)0.1%
Needs$3,420
Wants$550
Savings and debt$400
Needs$3,420
Wants$550
Savings$400
Balance$630

Your monthly budget shows a surplus.

  • You have a monthly surplus of $630. Over a year that is $7,560.
  • Your savings rate is 8.0%, which is below the recommended 20%. Prioritizing even small increases compounds significantly over time.
  • Your needs spending is 68.4% of income, above the 50% guideline. Housing and transportation are usually the two largest levers.

Next stepPut your surplus to work: top up your emergency fund to 3-6 months of expenses, then direct extra cash toward high-interest debt or long-term investments.

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