Monthly Budget Planner

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Monthly Budget Planner

This tool helps you organize your monthly income into clear categories based on proven budgeting methods like 50/30/20 or zero-based budgeting. Choose a strategy, input your income, and receive a breakdown to guide your spending, saving, and investing.

Monthly Income ($)

Choose Budgeting Method

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Needs: Rent, groceries, utilities, insurance
Wants: Entertainment, eating out, subscriptions
Savings: Emergency fund, retirement, investments
Example: $4000 → $2000 Needs, $1200 Wants, $800 Savings

Spending: All monthly expenses (fixed + variable)
Saving: Savings and emergency fund
Debt: Credit card, student loans, mortgage
Example: $4000 → $2800 Spending, $800 Saving, $400 Debt

Spending: All necessary and optional expenses
Saving: Future goals or emergency fund
Example: $4000 → $3200 Spending, $800 Saving

Committed Expenses: Fixed bills, rent, insurance
Savings: Long-term or emergency
Everything Else: Flexible spending, dining out, hobbies
Example: $4000 → $2400 Committed, $800 Savings, $800 Other

Allocate a fixed amount of cash (or virtual money) to each category. When the envelope is empty, no more spending in that category.
Example: $400 groceries, $300 gas, $200 eating out

Assign every dollar of your income to a purpose (spending, saving, debt). Income - Expenses = 0
Example: $4000 → Rent $1200, Groceries $500, Debt $800, Savings $1500

You define your own 3 custom categories and assign any percentage (that adds up to 100%).
Example: Category 1 – 40%, Category 2 – 35%, Category 3 – 25%

Monthly Budget Planner

Your Budget Breakdown

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