Budget Calculator
Track your income and expenses to manage your finances
Last updated: February 2026
Budgeting Tips
The 50/30/20 rule suggests: 50% for needs (housing, food, utilities), 30% for wants (entertainment, dining out), and 20% for savings and debt repayment. Adjust based on your situation and cost of living.
Income (After Tax)
£
Monthly equivalent: £3,500.00
Monthly Expenses
£
£
£
£
£
£
£
£
Monthly Income
£3,500.00
per month
Total Expenses
£3,000.00
85.7% of income
Remaining
£500.00
Savings rate: 11.4%
Budget Summary
Housing
£1,200.00(34.3%)
Transport
£300.00(8.6%)
Food & Groceries
£400.00(11.4%)
Utilities & Bills
£150.00(4.3%)
Entertainment
£200.00(5.7%)
Healthcare
£100.00(2.9%)
Savings
£400.00(11.4%)
Other
£250.00(7.1%)
Total£3,000.00
Smart Budgeting
Track your spending for at least a month before setting budget goals. Look for areas where you can cut back without significantly impacting your quality of life. Consider setting up a standing order to your savings account to make saving effortless.