Budget Calculator

Build a personal budget from income, spending, debt payments, and saving allocations.

Normalize each income and expense to a monthly amount and calculate the remaining budget.

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Result

Monthly take-home income$4,800.00
Monthly spending and saving$1,500.00
Monthly surplus / deficit$3,300.00
Annual surplus / deficit$39,600.00
  • Housing
  • Transportation
  • Debt
  • Living
  • Health
  • Children
  • Savings
  • Miscellaneous

Calculation details

Scroll horizontally or vertically to see more. Download CSV for the complete schedule.

CategoryMonthly amountAnnual amount
Income6,00072,000
Housing1,50018,000
Transportation00
Debt00
Living00
Health00
Children00
Savings00
Miscellaneous00
Income tax1,20014,400

How to use this calculator

Normalize each income and expense to a monthly amount and calculate the remaining budget. Enter amounts in the units shown, select the applicable options, and click Calculate. Use Reset to restore the starting values.

Calculation formula

Monthly surplus = monthly after-tax income − spending − savings allocations.

Assumptions and accuracy

Review timing, rates, fees and result notes when comparing scenarios. Future returns and rates are assumptions rather than guaranteed outcomes. Monetary display follows the currency’s precision; intermediate calculations retain additional digits.

Choose what to calculate

Monthly budget calculator with different pay frequencies

Normalize entered income and expenses to a monthly budget. Use realistic recurring costs and check whether each item is weekly, monthly or annual.

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Understanding this calculation

Normalize income, spending and savings allocations to a monthly household budget. Surplus is what remains after the flat tax assumption and all entered allocations.

Worked examples

Monthly budget after tax and housing

Illustrative inputs are specified in the steps below; the example link loads the complete settings. Unmentioned settings use the linked defaults.

  1. Gross monthly income 6,000 less an assumed flat 20% tax leaves 4,800. Subtract 1,500 housing and zero other allocations to leave 3,300.

Monthly surplus / deficit: 3,300 USD.

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Common questions

Are savings treated as part of my monthly budget?

Yes. Savings allocations reduce the unallocated surplus even though they are not the same as consumption spending.

How should I enter annual insurance or other yearly bills?

Select the annual frequency so the amount is spread across months. Entering an annual total as monthly would overstate spending.

Scope and assumptions

The income tax percentage is a manual flat estimate, not a progressive tax calculation. Irregular expenses and missing entries can overstate surplus.

Sources

Calculation methods and formulas

Personal Budget

Normalize each income and expense to a monthly amount and calculate the remaining budget.

Monthly surplus = monthly after-tax income − spending − savings allocations.

See our calculation methodology and review status for data versions, rounding and validation limitations.