Budget Calculator
Create a monthly budget based on your income. Follow the 50/30/20 rule for needs, wants, and savings.
Results
Needs Budget
₹0
Wants Budget
₹0
Savings/Investment
₹0
How to Use Budget Calculator
- 1
Enter your monthly take-home income
- 2
Adjust percentages for needs and wants
- 3
Remaining goes to savings
- 4
Plan spending within each category
Budget Calculator Formula
50/30/20 Rule: 50% Needs, 30% Wants, 20% Savings (adjustable based on your situation)Example Calculation
Input Values
Monthly Income
₹1,00,000
Needs (Essential Expenses) %
50 %
Wants (Discretionary) %
30 %
Results
Needs Budget
₹50,000
Wants Budget
₹30,000
Savings/Investment
₹20,000
Frequently Asked Questions
What is the 50/30/20 rule?
A budgeting guideline: 50% for needs (rent, food, utilities), 30% for wants (entertainment, dining out), 20% for savings.
What counts as needs vs wants?
Needs are essential: housing, groceries, insurance, minimum debt payments. Wants are non-essential: vacations, subscriptions, eating out.
Should I adjust these percentages?
Yes, adjust based on your situation. High-cost cities may need 60% for needs. Focus on increasing savings percentage over time.