Monthly Income
After-tax monthly income
Remaining After Expenses
$1,870
Add Custom Expense
Monthly Expenses by Category
Adjust each category to match your spending
Housing
Rent/mortgage, property tax, insurance, HOA
25.0% of income
Recommended: 28%
Transportation
Car payment, gas, insurance, maintenance, public transit
6.7% of income
Recommended: 12%
Food
Groceries and dining out
10.0% of income
Recommended: 12%
Utilities
Electric, gas, water, trash
3.3% of income
Recommended: 5%
Phone
Cell phone plan
1.3% of income
Recommended: 2%
Internet/Cable
Internet, streaming services
1.7% of income
Recommended: 2%
Healthcare
Insurance premiums, medications, doctor visits
3.3% of income
Recommended: 5%
Insurance
Life, disability, umbrella insurance
1.7% of income
Recommended: 3%
Shopping
Clothes, household items
3.3% of income
Recommended: 5%
Entertainment
Hobbies, subscriptions, events
2.5% of income
Recommended: 5%
Savings
Emergency fund, retirement, investments
8.3% of income
Recommended: 15%
Other
Miscellaneous expenses
1.7% of income
Recommended: 6%
50/30/20 Rule
A popular guideline: 50% for needs, 30% for wants, 20% for savings and debt repayment.
Housing Costs
Many experts recommend keeping housing under 28% of gross income, or 30% of take-home pay.
Common Monthly Cost Ranges
Typical costs in the United States (2024)