What is "Budget Planner"?
A budget planner helps you split monthly income into needs, wants, and savings. The 50/30/20 rule keeps spending and saving balanced.
Example: Income $3,500 โ Needs $1,750, Wants $1,050, Savings $700
Monthly Budget Plan
Needs
Wants
Savings
50/30/20 Guideline
Needs 50%
Rpย 9.000.000
Housing, food, transport
Wants 30%
Rpย 5.400.000
Leisure, subscriptions, shopping
Savings 20%
Rpย 3.600.000
Emergency fund, investing
Monthly Budget Plan
Rpย 2.160.000
Outflow Rpย 15.840.000 ยท Savings 20%
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๐ How to Use
Enter Monthly Income
Input your net monthly income.
๐ก Use stable income numbers.
List Expenses
Group fixed costs like housing and food.
๐ก Fewer categories make tracking easier.
Set Savings Goals
Create savings and investment buckets.
๐ก Use the 50/30/20 guideline.
Review Balance
Check if you have a positive balance.
๐ก Reduce spending if over budget.
๐ฏ Who is this for?
Useful for various situations
New Job Budget
Organize your first salary budget quickly
Couple Budget
Balance shared expenses and savings
Savings Goal
Increase savings ratio to hit goals faster
Travel Fund
Separate travel and daily spending
Expert Tip
Update your budget once a month. Fix your essential expenses first and automate savings transfers for higher success.
โ Personal Finance Guide
โ Frequently Asked Questions
It is a guideline. You can adjust it based on housing costs or personal priorities.
๐ก Tracking the ratios is already a huge win.
Use the average of the last 3-6 months and plan expenses conservatively.
Re-check fixed costs, reduce subscriptions, and consider extra income sources.
๐ Key Takeaways
- ๐Focus on ratios, not just amounts
- โ Simplify spending with the 50/30/20 rule
- ๐ธAutomate savings to stay consistent
- ๐๏ธRebalance monthly for accuracy