Monthly Budget Planner
Our monthly budget planner helps you track every pound of income and spending, identify where to cut back, and build towards savings goals.
The 50/30/20 Rule
50% of take-home pay on needs (rent/mortgage, bills, food), 30% on wants (dining out, entertainment, subscriptions), 20% on savings and debt repayment. Adjust based on your cost of living.
Monthly Budget Planner
Plan your monthly budget — enter your income and all outgoings to see what you have left and where you can save.
Start with your net monthly take-home pay. Work through each expense category systematically: housing (mortgage or rent, ground rent, service charge), utilities (energy, water, council tax, broadband, TV licence), food, transport (fuel, public transport, parking), debt repayments, insurance premiums, subscriptions, childcare, and discretionary spending (eating out, entertainment, clothing, hobbies). Use bank statement categories for the past three months rather than estimates — actual spending reveals patterns that estimates miss. The results show your monthly surplus or deficit and spending by category as a percentage of income. If the result shows a deficit, identify which categories offer the most practical scope for reduction. Fixed committed costs require longer-term solutions; discretionary spending is the quickest lever.