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Family & Life Planning

Budget Calculator

Compare entered monthly income, spending, and saving amounts to see what is allocated and what remains unallocated or over budget.

$

Needs

$
$
$
$
$
$

Wants

$
$
$
$
$

Savings & goals

$
$
$

Needs (58%)

$3,750

Wants (13%)

$830

Savings (12%)

$800

Remaining

$1,120

Monthly allocation

Where your take-home pay is going

Includes unallocated cash so the full monthly take-home amount is visible.

Take-home

$6,500

Needs
$3,750

58%

Wants
$830

13%

Savings
$800

12%

Remaining
$1,120

17%

The 50/30/20 framework is one budgeting reference point, not a requirement. Housing costs, family size, debt, geography and goals can make a different split more realistic.

What this means for you

You have $1,120 left over each month — that's money you can put to work.

  • Your needs are 58% of income, wants are 13%, and savings are 12%. The 50/30/20 framework is only a reference point; the useful question is whether this mix is sustainable for your household and goals.
  • You're directing 12% of take-home to the savings categories entered. Whether that is sufficient depends on your goals, timeline and other obligations.
  • Put any leftover money somewhere intentional — automate it to savings so it doesn't just disappear.
Check your emergency fund next to make sure you have a safety net

3 · Save only what matters

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Inputs, estimates & source dates

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Go deeper in Excel

Net Worth Dashboard

Track assets, debts, monthly changes and your net-worth trend in one clean workbook. The workbook is being built as a reusable companion to MFA's free web tools.

Planned workbook: Dashboard · asset/debt tracker · monthly history.

Understand the result

How to Build a Budget You Can Actually Use

Read the plain-English guide, common mistakes and context behind this calculation.

Keep going

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Educational estimates only. Not financial, tax, investment, legal, payroll, mortgage, or insurance advice. Results may vary based on rates, tax rules, lender terms, state laws, and personal circumstances. Financial values entered into supported calculators may be stored privately with technical data such as IP address for MFA analytics, security, debugging and product improvement. Do not enter account numbers, passwords, Social Security numbers or login credentials. Privacy details.