Create a monthly budget and track income vs expenses
Budget Planner is a comprehensive financial calculator designed to help you create a monthly budget and track income vs expenses. Planning finances requires absolute precision; this calculator provides instant accurate projections for EMIs, compounding, loans, and investment portfolio returns.
Enter your monthly net (take-home) income, then set amounts for housing, food, utilities, transport and leisure. The tool adds the expenses, subtracts them from income and shows what is left as savings, plus a chart of where the money goes.
Savings rate = (income - total expenses) / income x 100. With ₹80,000 income and ₹55,000 of expenses, savings are ₹25,000, which is a 31.3% savings rate. The planner shows this figure beside your net savings.
It is a popular guideline: about 50% of take-home pay for needs, 30% for wants and 20% for savings or debt repayment. It is a starting point, not a rule. You can compare your planner split with these shares and adjust for your city, income and goals.
Use take-home (net) pay, the money that actually reaches your bank account after tax and deductions such as provident fund. Budgeting on gross salary overstates what you can spend and makes the savings figure look better than it really is.
This planner shows net savings as zero rather than a negative number, so check the expense total against income yourself. If expenses exceed income, trim the flexible categories such as leisure or food, or look for ways to raise income.
Irregular costs are often forgotten: insurance premiums, school fees, festivals, travel, repairs and medical bills. This planner covers five categories, so spread yearly costs over twelve months and fold them into the closest category, such as utilities.
No. Toolskyt operates under a zero-server policy. All calculations, data formatting, and file exports are executed locally on your machine.
No, this tool is 100% free. There are no limits, sign-ups, subscriptions, or hidden charges required.
A reducing interest rate means interest is charged only on the remaining outstanding principal balance at the end of each period, rather than the initial loan amount.