Budget Calculator
Track your income and expenses to manage your finances
Last updated: August 2026
Budgeting Tips
The 50/30/20 rule suggests: 50% for needs (housing, food, utilities), 30% for wants (entertainment, dining out), and 20% for savings and debt repayment. Adjust based on your situation and cost of living.
Income (After Tax)
Monthly equivalent: £3,500.00
Monthly Expenses
Budget Summary
Smart Budgeting
Track your spending for at least a month before setting budget goals. Look for areas where you can cut back without significantly impacting your quality of life. Consider setting up a standing order to your savings account to make saving effortless.
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Reviewed by
Alexandre Bernier, LLM (UK), CFP®, CIM®, PFP®. Financial planner with 18 years in banking and wealth management, holding a UK master of laws and the Canadian CFP®, CIM® and PFP® designations. Writes and reviews every calculator and article on FinanceToolz.
Last updated: August 2026. How figures are sourced, reviewed and corrected is set out in our editorial policy. This is general information, not regulated financial advice.
Sources
Every rate and threshold used by this calculator is taken from the official pages below. If a figure here disagrees with one of these, the official page is right, please tell us.