How this budget planner works
This planner totals the income and categories you declare, separates essential needs from flexible wants, and shows how much remains after declared savings. It is a planning model; it does not import bank transactions and it does not know your complete household circumstances.
Monthly budget formula
Total income = salary + other income. Planned expenses = rent or home-loan EMI + other EMIs + insurance + groceries + transport + utilities + dining and food delivery + entertainment and shopping. Declared savings = SIP investments + emergency-fund or bank savings. Unallocated amount = total income − planned expenses − declared savings.
50/30/20 is a reference, not a rule
The planner uses 20% of income as a simple savings reference and classifies the entered categories into needs, wants, and savings. High rent, debt, family responsibilities, irregular costs, or income instability may make another allocation more suitable.
Annual and goal views
Annual view multiplies the declared monthly figures by 12. Goal planning estimates the straight-line monthly contribution as goal amount ÷ (years × 12) and compares it with the available monthly surplus. It does not assume an interest rate or guarantee that an investment will reach the goal.
| Output | Meaning | Limit |
|---|---|---|
| Planned expenses | Needs and wants entered in the form | Irregular annual costs may be missing |
| Declared savings | SIP plus emergency-fund savings entered | Not a recommendation or product allocation |
| Unallocated | Income left after expenses and declared savings | Positive balance is not automatically disposable |
Practical example
With ₹60,000 monthly income, ₹43,000 planned expenses, and ₹8,000 declared savings, the planner shows ₹9,000 unallocated and a 13.3% declared savings rate. The result is a starting point for reviewing categories, not a promise that the same balance will occur every month.
Calculations are indicative and educational only. Review taxes, insurance, debt terms, irregular costs, and investment suitability with qualified professionals where relevant. This page is not personalised financial advice.