Monthly Budget Planner
Plan monthly income and expenses with 50/30/20 rule analysis.
Monthly Income
₹80,000Monthly Expenses
₹41,000| Category | Target | Actual | Difference |
|---|---|---|---|
| Needs (50%) | ₹40,000 | ₹31,000 | ₹-9,000 |
| Wants (30%) | ₹24,000 | ₹0 | ₹-24,000 |
| Savings (20%) | ₹16,000 | ₹10,000 | ₹-6,000 |
Needs = housing, food, transport, utilities, EMI. Wants = entertainment, dining, clothing. Savings = investments, education.
Plan your finances with the 50/30/20 rule
A monthly budget planner helps you understand where your money goes, identify overspending, and set realistic savings goals. The 50/30/20 framework gives you a clear target for needs, wants, and savings based on your actual income.
How to use the budget planner
- Enter your monthly income sources with amounts.
- Add all your monthly expenses under the right categories.
- Review the monthly balance and savings rate in the summary cards.
- Check the 50/30/20 analysis to see where you stand against the recommended splits.
Frequently asked questions
- What is the 50/30/20 rule?
- The 50/30/20 rule is a popular budgeting guideline: 50% of after-tax income goes to needs (housing, food, transport), 30% to wants (entertainment, dining), and 20% to savings and investments.
- How is the savings rate calculated?
- Savings rate = (Total Income − Total Expenses) ÷ Total Income × 100. A positive balance means you are saving money each month.
- Which expense categories count as 'needs'?
- Housing/Rent, Groceries, Transport, Utilities, Healthcare, Insurance, and EMI/Loan are classified as needs for the 50/30/20 analysis.
- Can I add multiple income sources?
- Yes. Click '+ Add income' to add salary, freelance, rental, or any other income streams. Each row has a name, category, and amount field.
- Is my budget data saved?
- The budget data exists only in your browser session. Refreshing the page resets it to sample defaults. For persistence, save/export features may be added in future.
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