Take control of your finances with our free Budget Calculator, designed for US adults. Enter your monthly net income, add custom expense names and categories, and track your spending using the 50/30/20 rule (50% needs, 30% wants, 20% savings/debt). Your data is saved in your browser for offline use, no login required.
A Budget Calculator is a tool that helps you plan your finances by tracking monthly income and expenses. It’s popular in the USA for categorizing spending into needs (e.g., rent, utilities), wants (e.g., dining out, streaming), and savings/debt repayment, with the option to add custom categories like “Education” or “Travel.” Our tool saves your budget in your browser, ensuring privacy and offline access for American users.
Our Budget Calculator is easy to use:
Use bank statements for accurate figures. The tool is mobile-friendly and saves data locally.
The 50/30/20 rule allocates 50% of income to needs (housing, groceries), 30% to wants (entertainment, hobbies), and 20% to savings/debt repayment. Adding custom categories like “Education” or “Medical” makes it flexible for US adults. Our tool shows your spending percentages, helping you stay within these ratios and avoid overspending, a challenge for 80% of Americans in debt.
Customize your budget with these categories:
Avoid double-counting expenses to ensure accuracy.
If your budget shows a negative balance, reduce wants (e.g., cut dining out) or add income via a side hustle. In the USA, where costs are rising, small changes like cooking at home can save hundreds monthly. Our tool highlights overspending and supports custom categories for precise tracking.
Our Budget Calculator is ideal for US adults, offering custom expense names and categories, mobile-friendly design, and no login requirement. Data is stored in your browser for offline use. Explore other finance tools like our Loan EMI Calculator, Paycheck Calculator, or Salary to Hourly Calculator.
Yes! By tracking custom expenses and categories, our Budget Calculator helps prioritize savings and debt repayment, supporting goals like building an emergency fund or paying off credit cards. The 50/30/20 rule and custom options make it versatile for Americans facing high living costs.
What is a Budget Calculator?
A tool to track income and expenses with custom categories, aligning with the 50/30/20 rule.
How do I add custom expenses?
Enter expense name, amount, and select or create a custom category.
Can I add my own categories?
Yes, select “Custom” and enter a category name like “Education.”
Is my data saved?
Yes, in your browser’s localStorage for offline access.
Can I use it on mobile?
Yes, it’s fully responsive with Bootstrap.
Can I share my budget?
Share your summary on Twitter, Facebook, or WhatsApp.