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Free Budget Planner
Budget Planner
How to Use the Budget Planner
1. Enter Your Monthly Income
Monthly Income ($): Your total take-home pay after taxes.
2. Add Your Expenses
Fill in these common categories (be honest!):
Housing: Rent/mortgage, property taxes, insurance
Utilities: Electricity, water, internet, phone
Transportation: Gas, public transit, car payments
Food: Groceries and dining out
Other: Entertainment, subscriptions, shopping
3. Click “Calculate”
Instantly see:
Total Expenses: Sum of all your monthly costs
Savings: What remains after expenses
💡 Tip: For accuracy, check your bank statements or budgeting app.
📈 Understanding Your Results
| Result | What It Means |
|---|---|
| Positive Savings | You’re spending less than you earn! Consider investing or growing your emergency fund. |
| $0 Savings | Your income equals expenses. Look for areas to cut back. |
| Negative Savings | You’re overspending. Review non-essential costs (e.g., dining out, subscriptions). |
