Free Budget Planner - Track Income & Expenses

Plan your monthly budget with income and expense tracking. Visualise spending by category and set savings goals.

What Is Budget Planner?

A budget planner tracks your income and expenses, categorises spending and shows where your money goes. Budgeting is the most fundamental personal finance skill — it is impossible to save, invest or reduce debt without understanding your cash flow. Yet most people do not budget because it seems tedious and restrictive.

A good budget is not about cutting everything — it is about spending intentionally. The 50/30/20 rule provides a simple framework: 50% of income on needs (rent, bills, food), 30% on wants (entertainment, eating out, subscriptions) and 20% on savings and debt repayment. This planner helps you categorise your spending and see if your split matches your goals.

Free users track one running budget. Premium adds a category breakdown chart, a savings goal with a progress bar, marking items as recurring, switching between separate months (each with its own totals), and a CSV export of any month's data.

How to Use This Tool

  1. Enter your monthly income (after tax).
  2. Add your fixed expenses: rent, bills, subscriptions, loan payments.
  3. Add your variable expenses: food, transport, entertainment, clothing.
  4. View the breakdown by category and see what remains.
  5. Adjust categories to align spending with your financial goals.

Tips & Best Practices

  • Track actual spending for one month before setting a budget — you need real data, not guesses.
  • The 50/30/20 rule is a starting point — adjust based on your circumstances and priorities.
  • Automate savings — transfer money to savings on payday before you have a chance to spend it.
  • Review your subscriptions quarterly — unused subscriptions are the most common budget leak.

Common Use Cases

  • Creating a monthly budget to understand and control spending.
  • Tracking expenses against income to identify savings opportunities.
  • Planning for major purchases or financial goals.
  • Managing student or household budgets effectively.

Frequently Asked Questions

How does the budget planner work?

Add income and expenses by category. The planner calculates your remaining balance, shows spending breakdowns and tracks savings goals.