A clear monthly budget is the foundation of every strong financial plan. This calculator tallies your monthly income against major expense categories to reveal your monthly surplus or deficit, total expenses, and savings rate — giving you an honest view of your current financial picture.
Enter Your Measurements
Results
Monthly Surplus / Deficit
1,700.00
$
Total Monthly Expenses
3,300.00
$
Savings Rate
34.0
%
Formula
How to Use This Calculator
How to Use
- 1
Enter your total monthly take-home (after-tax) income.
- 2
Fill in your monthly spending for each expense category.
- 3
Review your monthly surplus or deficit and your savings rate.
- 4
Aim for a savings rate of at least 15–20% for long-term financial health.
Frequently Asked Questions
Frequently Asked Questions
What is the 50/30/20 budget rule?
What savings rate should I aim for?
Should I include retirement contributions in my savings rate?
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About This Calculator
This calculator uses the formula: Total Expenses = Housing + Transportation + Food + Entertainment + Other Savings Rate = (Income − Total Expenses) / Income × 100. All calculations follow industry-standard methods. Results are estimates — always verify with a licensed professional for structural or code-compliant work.
Built and maintained by the CalcSmart team. Last updated March 2026.
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