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Home > Money > Savings Last Updated: Sep 10th 2022

Personal Budget Calculator

Free Personal Budget Calculator analyse the your current spending and recommend the best ratio of expenses towards a balanced budget based on your income and type of society you live in. It's easy to visualise your monthly spend and compare to refine your budget.


Frequently asked Questions on Personal Budget Calculator

1.What is Personal Budget Calculator ?

Personal Budget Calculator or Family Budget Calculator from is an easy tool that will take expenses and/or investments and compare with the ideal ratios. Expenses that are considered as outgoing money every month from your pocket. Also provide a visual comparison with the recommended monthly spend to check whether you are doing good or not.

Calculator consider Housing, Transportation, Educational, Personal, Savings expenses and/or investments as an input.

  1. Enter how you are spending currently
  2. Review how money being spent
  3. Compare with Recommendation
  4. Adjust your spending levels to maximise Savings

2.How to use Personal Budget Calculator ?

Just enter or use the slider to adjust your expenses / investments per month and get the visual recommendation. Calculator consider Housing, Transportation, Educational, Personal, Savings expenses and/or investments as an input

  1. Housing: comprises of House Loan EMI Payment, Home Owners Association Fees, Rent, Home Insurance, Repairs, Equipment Maintenance, Water, Cooking Gas, Electricity charges, Cable TV, Internet, Mobile Phone monthly expenses.
  2. Transportation: comprises of Monthly Bus Ticket charges, Car Loan EMI / instalment, Car Insurance, Petrol / Diesel Expenses, Car Maintenance / Repairs.
  3. Educational: School or College Tuition expenses, Student Loan EMI payment, School or College supplies.
  4. Personal: comprises of Market Groceries expenses, Household expenses, Medical expenses, Entertainment expenses, Clothing and other Expenses.
  5. Savings / Investment: Investments made towards FD, RD, Gold, e-Gold, ELSS, Stocks, Mutual Funds, Land, Plot, Insurance, and other investments, in addition consider retirement fund investments, and the emergency cash fund that you put aside every month for family welfare.

3.What would be the typical family budget look like in India?

How a family budget looks varies from a family to family as it highly depends on various factors like a) number of family members, b) where they live, c) local cost of living, d) monthly income, e) Confidence d) age group they are in.

Typical Indian family budget consists of the below breakup

  1. Housing @ 35%
  2. Transportation @ 10%
  3. Educational @ 15%
  4. Personal @ 15%
  5. Savings @ 25%

4.How to have a balanced budget ?

While it's fairly easy to control your monthly budget as a person but fairly challenging to balance the budget in a family setting as the priorities change quite frequent. There are few fundamental principles that will make your life easy to bring from debt side to savings side.

  1. Create a Budget and try to stick to it. Make the whole family understood
  2. Set Financial Goals that are practical
  3. Pay off your Debt as early as possible
  4. Plan your Taxes to Save more.
  5. Consider Insurance to mitigate health emergencies
  6. Cook @ Home to Save money and health
  7. While Nature is free, shopping malls are not. Control your instinct to shop when ever you want.
  8. Understand the difference between needs and wants. Be liberal on the needs, Control the wants.
  9. Listen to the right tax advisor and not all are right.

Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.