How to Create a Monthly Budget (and Stick to It)
With Our Free Monthly Budget Calculator

We’ve developed an easy-to-use Monthly Budget Calculator to streamline the process and take the guesswork out of budgeting. Whether you’re a student trying to stretch your allowance, a couple planning for your future, or a retiree managing a fixed income, our tool can help you take control of your finances effortlessly.

Monthly Budget Calculator

Monthly Budget Worksheet

Check all that apply

I'm a parent

I'm a homeowner

I'm a senior

Enter in your monthly totals

Monthly Income



Total monthly income




Renters or homeowners insurance premiums

Property tax

Auto insurance premiums

Health insurance premiums

Out-of-pocket medical costs

Life insurance premiums

Electricity and natural gas

Water bill

Sanitation/garbage bill

Groceries and other essentials

Car payment

Parking and registration fees

Car maintenance and repairs


Public transportation

Phone bill

Internet bill

Student loan payments

Other loan payments

Child support or alimony payments

Home maintenance and repair

Homeowners association fees


Total spent on necessities



Dining out

Clothing, jewelry, etc

Special meals at home


Movie, concert and event tickets

Gym or club memberships

Travel expenses

Cable or streaming packages

Home decor items

Gardener/pool/alarm service


Total spent on wants


Savings and debt repayment

Emergency fund contributions

Savings account contributions

Individual retirement account contributions

Other investments

Credit card payments

Excess payments on student loans

Excess payments on mortgage


Total spent on savings and paying off debts




$ 0


$ 0

Savings and debt repayment

$ 0

Total Monthly Expenses

$ 0

Total Monthly Income

$ 0

What is left over

$ 0

Download your spreadsheet for free.

Just by entering all your information, you will find areas that you can save in. Keep it up to date each month and see how much you can save.

Common Questions About Budgeting Answered

Whether you’re a beginner wondering how to start or an experienced budgeter looking for more advanced tips, we’ve got you covered. Let’s dive into these budgeting FAQs to help you manage your finances better.

How Do I Allocate Money for Different Expenses?

Allocating money for various expenses is one of the primary challenges people face when budgeting. The 50/30/20 rule can be a helpful starting point. This rule suggests allocating 50% of your income to necessities like rent and food, 30% to discretionary expenses like entertainment, and 20% to savings and investments.

Pro Tip: Use our Monthly Budget Calculator to quickly determine how much you should allocate for each category based on your income.

How Can a Budget Calculator Help Me Save Money?

A budget calculator simplifies the process of tracking your income and expenses, making it easier to identify areas where you can cut back. By using our Monthly Budget Calculator, you can set financial goals and monitor your spending habits, thus increasing your chances of saving money in the long run.

Why is Budgeting Important for Financial Success?

Budgeting lays the foundation for sound financial planning. It helps you prioritize your spending, focus on savings, and eventually, achieve financial goals such as buying a home, funding education, or planning retirement. Consistent budgeting leads to better money management, making financial success more attainable.

How Do I Set and Stick to Financial Goals?

Setting and sticking to financial goals requires a disciplined approach. Start by identifying what you wish to achieve—be it short-term goals like a vacation or long-term goals like buying a house. Once you have a target, use our Monthly Budget Calculator to allocate funds accordingly. Regularly track your progress and adjust your budget as needed.

Compare Top Lenders

Get cash not rejected

money loans

Compare Top Lenders

Get cash
not rejected

money loans

Get Cash Not Rejected

Get personalized offers in under 2 minutes -
with no impact on your credit score