Budget Calculator

First, determine your monthly net income. Then list your mandatory expenses (rent, bills, food). Divide the remaining amount between savings and optional spending. The 50/30/20 rule is a good starting point.

According to this rule, 50% of your monthly income should go to mandatory expenses (rent, bills), 30% to personal spending (entertainment, shopping), and 20% to savings and debt repayment.

Financial experts recommend saving at least 20% of monthly income. However, this rate varies based on personal goals. Building an emergency fund equal to 3-6 months of expenses is recommended.