Budget Calculators Free – Loan calculator

Monthly Budget Planner

Use this free budget calculator to understand your monthly income, expenses, and how much you can save or have left over. Take control of your finances by seeing where your money goes!

Your Monthly Income

Monthly Net Income ($):

Monthly Fixed Expenses

These are expenses that typically stay the same each month.

Rent/Mortgage Payment ($): Utilities (Electricity, Water, Gas, Internet) ($): Loan Payments (Car, Student, Personal) ($): Insurance (Health, Car, Home) ($): Subscriptions (Streaming, Gym, Software) ($):

Monthly Variable Expenses

These expenses can fluctuate month-to-month.

Groceries ($): Transportation (Gas, Public Transit, Car Maint.) ($): Dining Out & Entertainment ($): Personal Care & Shopping ($): Miscellaneous/Buffer ($):

function calculateBudget() { // Get input values var monthlyNetIncome = parseFloat(document.getElementById('monthlyNetIncome').value) || 0; var rentMortgage = parseFloat(document.getElementById('rentMortgage').value) || 0; var utilities = parseFloat(document.getElementById('utilities').value) || 0; var loanPayments = parseFloat(document.getElementById('loanPayments').value) || 0; var insurance = parseFloat(document.getElementById('insurance').value) || 0; var subscriptions = parseFloat(document.getElementById('subscriptions').value) || 0; var groceries = parseFloat(document.getElementById('groceries').value) || 0; var transportation = parseFloat(document.getElementById('transportation').value) || 0; var diningEntertainment = parseFloat(document.getElementById('diningEntertainment').value) || 0; var personalCareShopping = parseFloat(document.getElementById('personalCareShopping').value) || 0; var miscellaneous = parseFloat(document.getElementById('miscellaneous').value) || 0; // Calculate totals var totalFixedExpenses = rentMortgage + utilities + loanPayments + insurance + subscriptions; var totalVariableExpenses = groceries + transportation + diningEntertainment + personalCareShopping + miscellaneous; var totalExpenses = totalFixedExpenses + totalVariableExpenses; var netMonthlyBalance = monthlyNetIncome – totalExpenses; // Display results var resultDiv = document.getElementById('budgetResult'); var resultHTML = '

Your Monthly Budget Summary:

'; resultHTML += 'Total Monthly Net Income: $' + monthlyNetIncome.toFixed(2) + "; resultHTML += 'Total Monthly Fixed Expenses: $' + totalFixedExpenses.toFixed(2) + "; resultHTML += 'Total Monthly Variable Expenses: $' + totalVariableExpenses.toFixed(2) + "; resultHTML += 'Total Monthly Expenses: $' + totalExpenses.toFixed(2) + "; if (netMonthlyBalance >= 0) { resultHTML += 'Net Monthly Balance (Surplus): $' + netMonthlyBalance.toFixed(2) + "; resultHTML += 'Great job! You have a surplus. Consider putting this towards savings, investments, or paying down debt faster.'; } else { resultHTML += 'Net Monthly Balance (Deficit): $' + netMonthlyBalance.toFixed(2) + "; resultHTML += 'You are currently spending more than you earn. Review your variable expenses first to find areas where you can cut back.'; } resultDiv.innerHTML = resultHTML; } .calculator-container { font-family: 'Segoe UI', Tahoma, Geneva, Verdana, sans-serif; background-color: #f9f9f9; padding: 25px; border-radius: 10px; box-shadow: 0 4px 12px rgba(0, 0, 0, 0.1); max-width: 700px; margin: 20px auto; border: 1px solid #e0e0e0; } .calculator-container h2 { color: #2c3e50; text-align: center; margin-bottom: 20px; font-size: 1.8em; } .calculator-container h3 { color: #34495e; margin-top: 25px; margin-bottom: 15px; font-size: 1.4em; border-bottom: 2px solid #e0e0e0; padding-bottom: 5px; } .calculator-container p { color: #555; line-height: 1.6; margin-bottom: 10px; } .calculator-container .description { font-size: 0.9em; color: #777; margin-top: -10px; margin-bottom: 15px; } .calc-input-group { margin-bottom: 20px; padding: 15px; background-color: #ffffff; border-radius: 8px; border: 1px solid #e8e8e8; } .calc-input-group label { display: block; margin-bottom: 8px; color: #333; font-weight: bold; font-size: 0.95em; } .calc-input-group input[type="number"] { width: calc(100% – 20px); padding: 10px; margin-bottom: 15px; border: 1px solid #ccc; border-radius: 5px; box-sizing: border-box; font-size: 1em; -moz-appearance: textfield; /* Firefox */ } .calc-input-group input[type="number"]::-webkit-outer-spin-button, .calc-input-group input[type="number"]::-webkit-inner-spin-button { -webkit-appearance: none; margin: 0; } .calculate-button { display: block; width: 100%; padding: 15px 20px; background-color: #28a745; color: white; border: none; border-radius: 5px; font-size: 1.1em; font-weight: bold; cursor: pointer; transition: background-color 0.3s ease; margin-top: 20px; } .calculate-button:hover { background-color: #218838; } .calculator-result { margin-top: 30px; padding: 20px; background-color: #eaf7ed; border: 1px solid #d4edda; border-radius: 8px; font-size: 1.1em; color: #155724; } .calculator-result h3 { color: #155724; margin-top: 0; font-size: 1.5em; border-bottom: 1px solid #d4edda; padding-bottom: 10px; margin-bottom: 15px; } .calculator-result p { margin-bottom: 8px; color: #155724; } .calculator-result p strong { color: #0e3c17; } .positive-balance { color: #28a745 !important; font-weight: bold; font-size: 1.2em; } .negative-balance { color: #dc3545 !important; font-weight: bold; font-size: 1.2em; } @media (max-width: 600px) { .calculator-container { padding: 15px; } .calc-input-group input[type="number"] { width: calc(100% – 10px); } .calculate-button { font-size: 1em; padding: 12px 15px; } }

Master Your Money with a Free Budget Calculator

Understanding where your money goes is the first step towards financial freedom. A budget calculator is an invaluable tool that helps you track your income and expenses, revealing your true financial picture. Whether you're looking to save for a big purchase, pay off debt, or simply gain peace of mind, budgeting is essential.

What is a Budget Calculator?

A budget calculator is a simple yet powerful tool designed to help you create a personal or household budget. It takes your total monthly income and subtracts all your monthly expenses (both fixed and variable) to show you your net financial balance. This balance indicates whether you have a surplus (money left over) or a deficit (spending more than you earn).

Why is Budgeting Important?

Financial Awareness: It gives you a clear overview of your financial inflows and outflows.
Goal Achievement: Helps you allocate funds towards specific goals like saving for a down payment, retirement, or a vacation.
Debt Reduction: Identifies areas where you can cut back to free up money for debt repayment.
Reduced Stress: Knowing your financial standing can significantly reduce money-related anxiety.
Improved Spending Habits: Encourages mindful spending and helps you differentiate between needs and wants.

How to Use Our Free Monthly Budget Planner

Our budget calculator is designed to be straightforward and user-friendly. Here's how to get the most out of it:

Enter Your Monthly Net Income: This is the total amount of money you bring home each month after taxes and deductions. Be as accurate as possible.
List Your Monthly Fixed Expenses: These are costs that generally don't change much from month to month. Examples include rent/mortgage, car payments, insurance premiums, and subscription services.
Estimate Your Monthly Variable Expenses: These expenses fluctuate. Think about categories like groceries, dining out, entertainment, transportation (gas, public transit), and personal care. It's often helpful to look at past bank statements or credit card bills to get realistic averages.
Click "Calculate My Budget": The calculator will instantly sum up your expenses and subtract them from your income.
Review Your Summary: The result will show your total income, total expenses, and your net monthly balance.

Understanding Your Budget Results

Positive Net Balance (Surplus): Congratulations! You're spending less than you earn. This surplus is your opportunity to save, invest, or accelerate debt repayment. Consider setting up an automatic transfer to a savings account.
Negative Net Balance (Deficit): Don't worry, this is a common starting point for many. A deficit means you're spending more than you earn. The calculator highlights this so you can identify areas to cut back. Start by reviewing your variable expenses, as these are usually the easiest to adjust.

Tips for Effective Budgeting

Be Realistic: Don't cut expenses so drastically that your budget is unsustainable. Small, consistent changes are more effective.
Track Your Spending: For variable expenses, actively track what you spend for a month or two to get accurate figures.
Automate Savings: Set up automatic transfers from your checking to your savings account each payday.
Review Regularly: Your income and expenses can change. Review and adjust your budget monthly or quarterly.
Build an Emergency Fund: Aim to save 3-6 months' worth of living expenses in an easily accessible savings account.
The 50/30/20 Rule: A popular guideline suggests allocating 50% of your income to Needs, 30% to Wants, and 20% to Savings/Debt Repayment.

Start using our free budget calculator today to gain clarity and control over your financial future!