Monthly Budget Calculator
Total Expenses: $
Remaining Balance: $
How to Use the Budget Calculator
What is a Budget Calculator?
A budget calculator is an online tool that helps you track your income and expenses to understand whether you’re living within your means or overspending.
How to Use This Budget Calculator: Step-by-Step
Step 1: Enter Your Monthly Income
Start by typing your total take-home income for the month into the first field. This is your net income after taxes.
Step 2: Enter Your Monthly Expenses
Fill in each category with your monthly amounts:
- Rent/Mortgage
- Utilities (electricity, water, internet, etc.)
- Groceries
- Transportation (fuel, public transport, etc.)
- Other Expenses (subscriptions, entertainment, insurance, etc.)
Leave any fields blank that don’t apply — the calculator will treat them as zero.
Step 3: Click “Calculate Budget.”
Hit the green Calculate Budget button.
Understanding the Results
- Total Expenses: The sum of all the spending you entered.
- Remaining Balance: What’s left after subtracting expenses from your income.
- A green message will show if you’re in a surplus, red for overspending, and orange if you’re balanced.
Why Use This Tool?
- Keeps you aware of where your money goes
- Helps you avoid overspending
- Assists in planning savings
- Promotes healthy financial habits
FAQ – Budget Calculator
Q: What income should I enter?
Use your net (take-home) monthly income — the amount after taxes and deductions.
Q: What if I don’t have some of the expenses listed?
You can leave those fields blank — they will be treated as zero.
Q: Can I use this for weekly or yearly budgets?
This version is designed for monthly budgets. You can adapt it by dividing your yearly income/expenses by 12 or weekly amounts by 4.
Q: Is my data saved?
No. This calculator runs completely in your browser. Your data isn’t stored or transmitted anywhere.
Q: Can I add more expense categories?
This basic version includes common categories, but more can be added. Let me know if you’d like a custom version.