Budget Calculator
Plan your monthly budget, track your spending, and see your savings rate - all in one place.
Budget Overview
Remaining
£800
Spend
75%
Save
25%
20% target
£640
You have £800 left over each month - a savings rate of 25.0%. Great work - you're meeting the 20% savings benchmark.
About the Budget Calculator
A monthly budget is the foundation of every sound financial plan. Without knowing exactly how much you earn and spend each month, it is almost impossible to save consistently, pay down debt, or plan for the future. This budget calculator makes that process simple and visual.
Choose from three views: Summary for a quick income-versus-expenses overview,Custom to break spending into categories such as housing, food, and transport, or 50/30/20 to follow the popular rule of thumb that splits take-home pay across needs, wants, and savings.
The live donut chart and savings rate update as you type, giving you an instant visual picture of where your money goes each month. If your expenses exceed your income, the calculator flags this clearly so you can take action.
How to Use This Calculator
- 1
Choose your view
Select Summary for a quick overview, Custom to break expenses into categories, or 50/30/20 to follow the popular budgeting rule. You can switch between views at any time.
- 2
Enter your monthly income
Enter your take-home (net) pay - the amount that reaches your bank account after tax and other deductions. If you have multiple income sources, add them together.
- 3
Add your expenses
Fill in your monthly spending. In Custom view, enter each spending category separately for a more granular breakdown. In Summary, enter your total outgoings as a single figure.
- 4
Review your remaining balance and savings rate
The calculator instantly shows your remaining balance and savings rate. A positive remaining balance means you are living within your means. Aim for a savings rate of at least 20%.