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Budget Calculator
Plan your monthly and annual budget, track expenses, and optimize your savings
Create Your Budget Plan
💰Income
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🏦Savings
$
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📋Monthly Expenses
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📅Annual Expenses
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Budget Summary
$0.00
Monthly Income
$0.00
Monthly Savings
$0.00
Monthly Expenses
$0.00
Monthly Budget Balance
$0.00
Annual Budget Balance
Financial Ratios
Savings Rate:0.0%
Expense Ratio:0.0%
Annual Savings:$0.00
Annual Income:$0.00
Budget Analysis
✅ Positive monthly balance
⚠️ Low savings rate (<10%)
✅ Healthy expense ratio
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Popular Budget Rules
1
50/30/20 Rule
50% needs, 30% wants, 20% savings
2
70/20/10 Rule
70% living, 20% saving, 10% giving
3
Zero-Based Budget
Every dollar has a purpose
Budget Tips
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Track expenses for a month before budgeting
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Build an emergency fund (3-6 months expenses)
✓
Review and adjust your budget monthly
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Automate savings and bill payments
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Include annual expenses in monthly planning
Understanding Personal Budgeting
Why Budget?
Budgeting is a fundamental tool for financial health. It helps you control spending, increase savings, and achieve financial goals by providing a clear picture of where your money goes each month.
Budget Categories
- •Income: All money coming in (salary, bonuses, side income)
- •Savings: Money set aside for future (emergency fund, investments)
- •Expenses: Regular monthly and occasional annual costs
Budget Formula
Budget Balance = Income - Expenses - Savings
- Positive Balance: You're living within your means
- Negative Balance: You're overspending
- Savings Rate: Percentage of income saved
- Expense Ratio: Percentage of income spent
Goal: Aim for at least 20% savings rate and keep expenses below 70% of income for optimal financial health.
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