Budget Planner Calculator

Plan your monthly budget using the popular 50/30/20 budgeting rule.

Enter Your Income

Your Budget Breakdown

Monthly Income—

💳 Needs (Essentials)

—
Rent, utilities, groceries, transport, loan EMIs, insurance

🎉 Wants (Lifestyle)

—
Dining out, entertainment, hobbies, shopping, subscriptions

💰 Savings & Investments

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Emergency fund, investments, retirement, debt prepayment

The 50/30/20 budgeting rule

This simple rule helps you allocate your income effectively for financial stability.

50% - Needs (Essentials): Must-have expenses you can't avoid
• Rent/mortgage
• Utilities (electricity, water, internet)
• Groceries
• Transportation
• Insurance
• Minimum loan payments

30% - Wants (Lifestyle): Things that improve your life but aren't essential
• Dining out
• Entertainment (movies, concerts)
• Hobbies
• Vacations
• Subscriptions (Netflix, gym)

20% - Savings & Investments: Building your future
• Emergency fund
• Retirement savings
• Investments (stocks, mutual funds)
• Extra debt payments
• Long-term goals

FAQs

What if I can't follow 50/30/20?

It's a guideline, not a rule. If rent is high, maybe do 60/20/20. The key is to save something and track where your money goes.

Should I pay off debt or save first?

Build a small emergency fund (NPR 50,000-100,000) first, then focus on high-interest debt, then save more.

How much should I have in emergency fund?

Aim for 3-6 months of expenses. Start with 1 month, then gradually build it up.

Can I reduce the 'wants' category?

Yes! Many people do 50/20/30 or even 50/10/40 to save more aggressively. It depends on your goals.

How do I track my spending?

Use apps (Wallet by BudgetBakers, Money Manager), spreadsheets, or simply write down all expenses for a month.