Budget CalculatorSee Where Your Money Goes
This budget calculator shows where your money goes each month. See how a few small tweaks can balance the plan. No spreadsheets required.
Fast Setup
Get your first result in under 60 seconds with quick start templates
Smart Recommendations
See exactly where to cut or save based on your spending
Complete Picture
Track income, expenses, savings, and debts all in one place
Your Budget Details
Your take-home pay after tax, National Insurance, and pension deductions. Include all regular income from salary, bonuses, or a partner's earnings.
Bills for essential living costs: housing, utilities, transport, and groceries. These are the "Needs" in the 50/30/20 rule.
Budget at a Glance
Monthly Income
£2,500
Total Expenses
£2,665
Savings Rate
14.0%
Emergency Fund
0.5 mo
53/100 - Fair
50/30/20 Rule Check
Income vs Expenses
How monthly income is allocated
- Needs
- Wants
- Savings
- Debt
Expense Breakdown
Where money goes each month
NEEDS (Essential)
- • Housing (rent/mortgage)
- • Utilities (gas, electric, water)
- • Groceries (food shopping)
- • Transport (commuting costs)
- • Council tax & insurance
WANTS (Discretionary)
- • Eating out & takeaways
- • Entertainment & hobbies
- • Shopping & new clothes
- • Holidays & travel
- • Subscriptions (Netflix, gym)
Emergency Fund Status
0.5
months of essential expenses covered
Target: 3 months
Debt Summary
No debts recorded 🎉
Illustrative Budget Adjustments
Based on your budget, explore potential adjustments and their impact
Eating Out
Reducing Eating Out by 30% would free up £45/month to close your budget gap.
Shopping & Clothes
Reducing Shopping & Clothes by 30% would free up £30/month to close your budget gap.
Travel & Holidays
Reducing Travel & Holidays by 30% would free up £30/month to close your budget gap.
Save to Your Financial Plan
Your saved details will pre-fill other calculators automatically so you do not have to re-key information and can access your saved calculations at any time.
What's Next?
Pension Calculator
Model monthly pension contributions
Explore CalculatorMortgage Calculator
See if you can afford mortgage overpayments
Explore CalculatorAbout the author
Melanie Reed is a fintech and product specialist with 13+ years' experience building mortgage, investment, savings and retirement tools at companies including Aviva, Lendinvest, Money Advice Trust and Luno. She develops calculators and content that simplify complex UK financial decisions, covering pensions, mortgages, tax-efficiency and long-term savings.
Frequently Asked Questions
Feedback
Help us improve this tool by sharing your thoughts
How clear and useful did you find this tool?
0/1000 characters
Try: "I earn 45k, rent is 1200"