Budget Planner
Plan your monthly budget with the 50-30-20 rule. Your numbers are saved only on this device – never sent anywhere.
| You | Share | Target | Difference |
|---|
How to Use the Budget Planner
- Enter your monthly take-home income – what actually lands in your bank account after tax and PF.
- Fill in your expenses under Needs, Wants and Savings. Use last month’s bank statement for real numbers rather than guesses.
- Pick a budget rule: 50-30-20 for most people, or 60-20-20 if you live in a big city where rent takes a larger share.
- Read your suggestions and adjust. Your numbers are saved on your device, so you can come back and update them any time.
The 50-30-20 Rule in One Minute
| Bucket | Share of Income | What Goes In It |
|---|---|---|
| Needs | 50% | Rent or EMI, groceries, bills, transport, insurance, school fees, family support |
| Wants | 30% | Eating out, shopping, entertainment, travel, subscriptions |
| Savings | 20% | SIPs, PPF, NPS, emergency fund, RDs |
On an ₹80,000 take-home income, that’s ₹40,000 for needs, ₹24,000 for wants and ₹16,000 for savings. In expensive cities, a 60-20-20 split (₹48,000 / ₹16,000 / ₹16,000) is often more realistic – the savings target stays the same.
Want the full story? Read does the 50-30-20 rule work for Indian salaries?
Tips That Make a Budget Stick
- Pay yourself first. Set your SIPs and savings transfers for the day after payday, so saving happens before spending.
- Count family support as a need. Money sent to parents or siblings is a real, regular commitment for many Indian households – plan for it rather than treating it as a surprise.
- Watch the small leaks. Food delivery and subscriptions add up quickly. Check them once a month.
- Give every rupee a job. Money left over without a plan usually gets spent. Move it into savings or a SIP.
- Raise savings with every raise. When your income goes up, increase your SIPs before your lifestyle catches up – see our Step-up SIP Calculator.
Questions People Actually Ask Us
Where are my numbers saved? Only in your own browser, on this device. Nothing is sent to us or anyone else. Use “Clear all” to delete them, and note they won’t appear on your other devices.
Should EMIs count as needs? Yes – they’re commitments you must pay. But if EMIs take more than 40% of your income, it’s worth working on paying them down. See the snowball vs avalanche methods.
What if I can’t save 20% right now? Start with whatever you can, even 5%, and increase it by a few percent each time your income rises. The habit matters more than the number at first.
How is this different from tracking expenses? A budget is a plan for the month ahead; tracking shows what actually happened. Use both: plan here, then compare with your bank statement at month-end.
Not sure how your overall finances look? Take our 2-minute Financial Health Check.
Disclaimer: This planner is for educational purposes only and uses general budgeting guidelines. It isn’t financial advice. See our full Disclaimer.