Budget Calculator 2025

Budget Calculator

Income

Add all your sources of income in this section.

Monthly Income ? Add salary, bonuses, and other monthly income
Total Income
Monthly Total
$0

Expenses

Add all your expenses in this section.

Essential Expenses ? Necessary expenses like rent, mortgage, utilities
Non-Essential Expenses ? Optional expenses like entertainment, dining out, hobbies
Total Expenses
Essential Expenses
$0
Non-Essential Expenses
$0
Monthly Total
$0

Budget Summary

Analyze your budget and see how your finances are doing.

Monthly Financial Situation
Total Income
$0
Total Expenses
$0
Balance
$0
Expenses Distribution
Income vs. Expenses

How to Use Our Budget Calculator

Welcome to Financer's Budget Calculator – a simple yet powerful tool designed to help you take control of your finances and create a clear monthly budget.

In just a few steps, you'll gain valuable insights into your financial situation and identify opportunities to improve your money management.

Income Section

Start by entering all your monthly income sources:

  • Salary: Your regular employment income after taxes

  • Bonuses: Commission, performance bonuses, or other variable income

  • Rental Income: Money received from property you own

  • Dividends: Income from investments

  • Other Income: Side hustles, freelance work, or any additional revenue

Pro Tip

For irregular income like annual bonuses, calculate the average amount from the past few years and divide by 12 to get a monthly figure. This approach helps create a more accurate and consistent budget.

Once you've entered all income sources, click the blue "Next" button at the bottom to proceed to the Expenses section.

Expenses Section

In this section, you'll categorize your spending into two important categories:

Essential Expenses

These are the non-negotiable costs you must cover each month:

  • Housing: Rent/mortgage payments

  • Utilities: Electricity, water, gas, internet

  • Groceries: Food and household necessities

  • Transportation: Car payments, gas, public transit

  • Insurance: Health, auto, home/renters

Non-Essential Expenses

These are discretionary costs that offer flexibility in your budget:

  • Entertainment: Streaming services, dining out, movies

  • Shopping: Clothing, electronics, home goods

  • Travel: Vacations, weekend getaways

  • Subscriptions: Gym memberships, apps, magazines

  • Hobbies: Activities, sports, and personal interests

Be thorough and honest when entering your expenses – the more accurate your inputs, the more valuable your budget analysis will be.

After completing the Expenses section, click the blue "View Summary" button to see your comprehensive budget breakdown.

Budget Summary

The Summary section provides a detailed analysis of your financial situation through easy-to-understand visuals:

  • Monthly Financial Situation: Displays your income versus expenses, revealing whether you're saving money or overspending each month

  • Pie Chart: Shows how your monthly expenses are distributed across categories, helping you identify where most of your money goes

  • Income/Expense Breakdown: A bar chart comparing all income sources against expense categories

Use these insights to identify potential areas for cutting costs, increasing savings, or reallocating funds to better align with your financial goals.

Our Budget Calculator is a powerful first step toward financial wellness. For more personal finance tools, check out Financer's other calculators and resources designed to help you make better financial decisions.

Our Commitment to Transparency

At Financer.com, we're committed to helping you with your finances. All our content abides by our Editorial Guidelines. We are open about how we review products and services in our Review Process and how we make money in our Advertiser Disclosure.

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