Savings - This is all of the money you put in savings accounts, whether it is an emergency fund or money you use on investments.Otherwise, type in the percentage of your salary that will be taken away from you in taxes. If you receive an after-tax salary, input a tax rate equal to 0%. It includes your salary, as well as all other sources of income, both monthly (received each month - for example, a side business revenue) and annual (received each year - for example, the thirteenth salary). Income - This is the only part of your budget where the money actually flows into your account.Later, you can adjust the values to create your target budget. The best way to do it is to track your expenses for a month and input all numbers you collected into this calculator. You need to fill all of them (except for the 'summary' section) out. This budget calculator is divided into several sections. Make sure to have some money designated for these causes when the payment deadline comes around.

Prepare for large expenses - Some expenses, such as tuition or insurance, are made annually.Instead of dreaming about a vacation, you can set a monthly contribution to this goal. Set goals - The savings section allows you to set goals - for example, for an emergency fund or a retirement fund.Limiting your monthly budget to certain categories will increase your savings. Adjust your budget plan - Once you will know what happens to your money, you will be able to identify where to cut.See where your money goes - Categorizing your expenses will give you a clearer understanding of which areas of your life require the largest financial input.Our monthly budget calculator bases its calculations on the information you provide to calculate your monthly and annual budget balance. However, in the end, it will give you the freedom to decide what is worth your money and help you accumulate some savings in the meantime. At the beginning, it may seem that this rigorous process strips your life of joy (buying stuff is fun, right?).

How many times did you stare in horror at your empty wallet or your bank account with no savings at all? Budgeting helps you regain control over your finances. Budgeting is an important, even though heavily underestimated, process.

Free online budget calculator