Plan your monthly budget, track income and expenses, and see how much you can save each month. Perfect for individuals and families.
This tool splits your monthly money into two groups: your own personal expenses (rent, food, transport, entertainment, savings) and, if you support a family, a second group for school fees, kids' needs, and helping parents or siblings. It adds up each group, subtracts it from your income, and shows what's left over — both monthly and projected across a year.
Say your monthly income is $4,000. You spend $1,200 on rent, $500 on food, $200 on transport, $150 on entertainment, and put $400 into savings — that's $2,450 total, leaving $1,550 unallocated. If you also support family expenses of $600/month, your true remaining balance drops to $950. Seeing this gap is often the first step toward catching overspending before it becomes debt.
How much should I save each month?
A common guideline is the 50/30/20 rule: 50% of income on needs, 30% on wants, and 20% on savings or debt repayment. Use this calculator to see how close your actual numbers come to that split.
What if my expenses change month to month?
Run the calculator with your average expenses over the last 3 months for a more realistic picture than a single month, which can be skewed by one-off costs.
Should I include irregular expenses like insurance or annual subscriptions?
Yes — divide the yearly cost by 12 and add it to the relevant monthly category so your budget reflects the true ongoing cost, not just what you happen to pay that month.
Calculate your loan EMI based on principal, interest rate, and tenure. Understand total payments and interest before borrowing.
EMI (Equated Monthly Installment) is calculated using the reducing balance method, where interest is charged only on the outstanding principal each month — not the original loan amount. The formula is:
EMI = [P × r × (1+r)^n] / [(1+r)^n − 1]
Where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the number of monthly installments.
For a $20,000 loan at 9% annual interest over 5 years, the monthly EMI comes to roughly $415. Over the full tenure you'd repay about $24,900 total — meaning $4,900 goes toward interest. The amortization table below the calculator shows exactly how much of each payment goes to principal versus interest, month by month; early payments are interest-heavy, later ones are mostly principal.
Why does my interest payment start high and decrease over time?
Because interest is calculated on the remaining balance. Early in the loan, the balance is largest, so interest takes a bigger share of each EMI; as the balance shrinks, more of each payment goes to principal.
Does a longer tenure always mean I pay more interest?
Yes. A longer tenure lowers your monthly EMI but increases total interest paid over the life of the loan, since you're borrowing the money for longer.
Can I use this for a car loan or personal loan, not just a mortgage?
Yes — the reducing-balance EMI formula applies to any fixed-rate installment loan, including auto loans, personal loans, and education loans.
Estimate your retirement savings by projecting monthly contributions and expected returns. Plan for a secure future.
This calculator projects your retirement balance by compounding your current savings and monthly contributions at your expected annual return, then adjusts the final figure for inflation to show what that money will actually be worth in today's terms — often called the "real" value.
Starting at age 30 with $20,000 saved, contributing $500/month until age 65, at a 6.5% expected annual return and 2.5% inflation, your nominal balance at retirement would be roughly $850,000. But adjusted for 35 years of inflation, that's closer to $355,000 in today's purchasing power — a reminder that inflation meaningfully erodes long-term savings if it isn't accounted for.
Why is my "real" retirement value so much lower than the nominal figure?
Inflation compounds over decades just like investment returns do. Over 30+ years, even moderate inflation (2-3%) can cut the purchasing power of a nominal balance nearly in half.
What return rate should I use?
A common assumption for a diversified stock/bond portfolio is 6-8% annually before inflation, though this varies by risk tolerance and market conditions — this is an estimate, not a guarantee.
Should I increase my monthly contribution over time?
Many people increase contributions as income grows (e.g., with every raise). Re-run this calculator periodically with updated numbers to keep your projection realistic.
Quickly calculate your net worth by subtracting liabilities from assets. Project future wealth and track your financial health over time.
Net worth is one of the clearest single indicators of financial health because it captures everything at once — what you own minus what you owe. Tracking it over time (rather than just once) shows whether your financial decisions are actually moving you forward, even when day-to-day cash flow feels tight.
If you have $5,000 in cash, $10,000 in investments, and $50,000 in real estate equity ($65,000 in assets), against $15,000 in loans and a $40,000 remaining mortgage ($55,000 in liabilities), your net worth is $10,000. Projected forward 10 years at 5% asset growth against rising annual expenditure, this calculator shows how that number could evolve — helping you spot whether you're on track or need to adjust savings and spending.
Should I include my primary home's full value as an asset?
Most planners count only your home equity (market value minus remaining mortgage), not the full property value, since the mortgage is already listed separately as a liability here.
What counts as "Other Assets"?
Vehicles, valuable personal property, business ownership stakes, or any other item with resale value that isn't cash, investments, or real estate.
Is a negative net worth a bad sign?
It's common early in life (e.g., with student loans or a new mortgage) and isn't alarming on its own — what matters more is the trend over time, not a single snapshot.
Estimate your financial health by subtracting liabilities from assets.
What is Net Worth?
Net worth = Assets – Liabilities. This quick calculator helps you measure your financial health and track progress toward your goals.