Enter your income and expenses to get a complete personalised monthly budget plan with the 50/30/20 breakdown, savings targets, and a spending optimisation checklist.
Your Details
What you want to save each month
£1150 remaining after expenses · 38% savings rate
Great budget health! You're saving above the 20% target.
Monthly Income
£3000
Total Expenses
£1850
Remaining
£1150
After all expenses
Savings Rate
38%
Target: 20%
Needs (50% target: £1500)
£1550 (52%)
Wants (30% target: £900)
£300 (10%)
First month on budget — track every penny
Month 1
Reach 10% savings rate
Already achieved!
Reach 20% savings rate (£600/month)
Already achieved!
3-month emergency fund saved
Month 8
Debt-free (if applicable)
Ongoing
| Period | Focus | Tasks | Notes |
|---|---|---|---|
| Week 1 | Bills & fixed costs | Pay rent (£900), utilities (£200) | Set up direct debits |
| Week 2 | Food & transport | Grocery budget: £75/week · Transport: £38/week | Track every spend |
| Week 3 | Discretionary | Entertainment budget: £25/week · Other: £50/week | Review vs budget |
| Week 4 | Savings + review | Transfer savings: £500 · Review month total | Adjust next month |
Your needs (52%) exceed the 50% guideline by £50. Review housing and utilities — switching energy provider could save significantly per month.
Discretionary spending looks controlled at 10%.
Excellent! You're saving 38% — consider investing the surplus.
Review your £100 in subscriptions — many people find 20–30% of subscription costs go unused.
Your Next Actions
“A budget is telling your money where to go instead of wondering where it went.”
— Dave Ramsey
Wisdom & Inspiration