💰 Monthly Income
$0🏠 Housing
$0🚗 Transport
$0🛒 Daily Living
$0📈 Financial
$0🎯 Lifestyle & Other
$0Monthly Budget Planner
Enter your income and expenses to see exactly where your money goes each month. Includes personalised tips to improve your financial position.
💰 Monthly Income
$0🏠 Housing
$0🚗 Transport
$0🛒 Daily Living
$0📈 Financial
$0🎯 Lifestyle & Other
$0The 50/30/20 Budget Rule
A popular budgeting framework recommends spending no more than 50% of after-tax income on needs (housing, food, transport), 30% on wants (lifestyle, entertainment), and saving at least 20%. Use this calculator to see how your current spending compares.
Housing, food, transport
Lifestyle, entertainment
Investments, emergency fund
Frequently Asked Questions
List all after-tax income, then categorise expenses: housing, food, transport, utilities, entertainment, insurance, and savings. The 50/30/20 rule — 50% needs, 30% wants, 20% savings — is a good starting framework.
50% of after-tax income goes to needs (rent, food, utilities), 30% to wants (entertainment, dining), and 20% to savings and debt repayment. It is a simple framework that works for most Australian households.
Aim for at least 20% of after-tax income. On a $70,000 salary (approx $57,000 after tax) that is $950/month. Even 5-10% builds strong habits that compound significantly over time.