Budget Calculator
A complete before-tax personal budget planner. Enter income, income tax rate and expenses across housing, transportation, debt, living, healthcare, children, savings and miscellaneous categories to see your monthly surplus, savings rate and how each category compares with common guidelines.
TheCalculators — Budget Calculator
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Monthly Deficit
$240.00
expenses + savings exceed after-tax income by $2,880 per year
- Gross Income
- $83,000
- Income Tax @ 28.0%
- $23,240
- After-Tax Income
- $59,760
- Total Expenses
- $52,640
- Savings & Investments
- $10,000
- Savings Rate (of gross)
- 12.0%
- Housing Share
- 24.1%
- Transport Share
- 6.9%
Annual expenses by category
- Housing & Utilities$20,000
- Transportation$5,740
- Debt Payments$3,000
- Living Expenses$12,000
- Healthcare$2,400
- Children & Education$1,200
- Miscellaneous$8,300
Budget breakdown (annualized)
Guidelines of thumb: housing ≤ 30% of gross income, transportation ≤ 15%, food + meals out ≤ 15%, and savings ≥ 15%. If your budget is strained, miscellaneous and meals-out categories are usually the fastest levers.
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Formula
Surplus = Gross Income × (1 − tax rate) − Expenses − Savings
Pro tips
- • Aim for a savings rate of at least 15% of gross income including retirement contributions.
- • Build an emergency fund of 3-6 months of expenses before aggressive investing.
- • Track for 2-3 months — the first budget is always wrong; the habit is what matters.
FAQ
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