Finance
Monthly Budget Calculator
Enter your income and expenses to see your monthly cash flow, savings rate, and annual outlook.
Budgeting Best Practices
- Track everything for at least one month before setting budget targets
- Pay yourself first: Automate savings before you can spend
- Use the 50/30/20 guideline as a starting framework
- Review monthly: Adjust categories that are consistently over/under
Savings Rate Benchmarks
| Rate | Assessment |
|---|
| 20%+ | Excellent — on track for early financial independence |
| 10-20% | Good — meeting standard retirement guidelines |
| 5-10% | Fair — room for improvement |
| <5% | Needs attention — look for expenses to cut |