Planning your monthly budget isn’t about restriction—it’s about clarity and control. Whether you’re trying to save more, cut back on spending, or understand where your paycheck disappears every month, this free Monthly Budget Planner Calculator helps you quickly figure out your budget surplus or deficit.
Enter your income, add in your fixed and variable expenses, and include your savings goal to see if you’re living within your means—or overspending without realizing it.
How This Budget Calculator Works
Our tool uses a simple formula:
Income – (Fixed Expenses + Variable Expenses + Savings)
= Your Monthly Surplus (or Deficit)
This helps you evaluate how sustainable your current lifestyle is, and where to adjust if you’re overspending or saving less than you’d like.
Sample Use Case
Let’s say your monthly income is $4,500.
- Fixed expenses (like rent, insurance): $2,000
- Variable expenses (groceries, dining, gas): $1,200
- Monthly savings/investments: $800
Result: $4,500 – ($2,000 + $1,200 + $800) = $500 surplus