Budget Calculator Simplify Your Financial Planning 2025

Managing your finances can feel overwhelming at times. Whether you’re saving for a big purchase, paying off debts, or simply trying to make ends meet, a budget calculator is your ultimate tool to track income, expenses, and savings. In this article, we’ll explore how a budget calculator works, its benefits, and how you can use it to achieve financial freedom.

How It Works

• Monthly Income: Enter your total monthly income.
• Total Monthly Expenses: Enter the total monthly expenses you incur (e.g., rent, utilities, food, etc.).
• Savings Goal: Specify your target monthly savings amount.

Once you click the Calculate button:

• The Remaining Balance After Expenses is calculated by subtracting total expenses from your income.
• The Required Income to Meet Savings Goal will show how much income you’d need to meet both your expenses and savings goal.

Features

• Simple and easy to use.
• Displays useful financial information to help plan a budget.
• Supports tracking income, expenses, and savings in one place.

Example

1. If you input ₹50,000 as your monthly income, ₹30,000 for expenses, and ₹10,000 as your savings goal:
   • Remaining Balance After Expenses: ₹20,000
   • Required Income to Meet Savings Goal: ₹40,000