🔧 How This Calculator Works

This calculator helps you quickly assess your monthly budget by comparing your total income to your expenses. It gives you a snapshot of your financial health and helps you make informed decisions about spending, saving, and investing.

💸 Inputs You Provide

• Total Monthly Income – Your full take-home pay (after taxes).

• Housing – Rent or mortgage payments.

• Utilities – Electricity, water, gas, internet, etc.

• Food – Groceries and dining out.

• Transportation – Car payments, gas, rideshares, etc.

• Savings & Investments – Any money you set aside.

• Other Expenses – Subscriptions, insurance, phone bill, entertainment, etc.

📊 What You’ll See

• Total Monthly Expenses

• Remaining Income (Net Savings or Shortfall)

• Savings Rate – The percentage of your income you’re saving.

• A warning if your spending exceeds your income.

✅ Why This Matters

Tracking your monthly budget gives you control over your money. It helps you:

• Spot unnecessary spending

• Increase your savings rate

• Avoid paycheck-to-paycheck living

• Plan for emergencies or debt payoff

👤 Who This Is For

This calculator is perfect for:

• 🧠 Individuals looking to manage finances better

• 💼 Freelancers, students, and gig workers

• 🏡 Families trying to reduce living costs

• 📉 Anyone wanting to build savings or escape debt

• 🛠️ Budgeting coaches and financial advisors

⚠️ Disclaimer

This tool is for informational purposes only and does not constitute financial advice. Results are estimates and may not reflect your full financial situation. For personalized advice, consult a financial planner.