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Monthly Expense Planner India 2026 – Budget & Savings Rate

Use this free Monthly Expense Planner in India to organise your budget, track spending across all categories, and discover exactly where your money goes.

Track all expenses and find out exactly how much you can save each month.

Monthly Savings
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Total Income
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Total Expenses
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Monthly Savings
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Savings Rate
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📊 What is the Expense Planner and How Does It Work?

The expense planner helps you allocate income across needs, wants, and savings using the 50-30-20 rule as a guide. Enter income and expenses by category to see your savings rate, allocation percentages, and monthly surplus or deficit.

FormulaSavings = Income – Total Expenses | Savings rate = Savings ÷ Income × 100 | Category% = Category ÷ Income × 100

🪓 Step-by-Step: How to Use This Calculator

  1. Enter your monthly take-home income
  2. Enter all monthly expenses by category (rent, food, transport, EMIs, entertainment, others)
  3. Click Calculate to see savings rate, category percentages, and monthly surplus or deficit

📌 Example Calculation

Income ₹80,000. Expenses: Rent ₹20K + Food ₹10K + Transport ₹5K + EMI ₹15K + Entertainment ₹5K + Others ₹5K = ₹60K total. Savings = ₹20K (25% savings rate).

✅ Benefits of Using This Calculator

  • Get a clear picture of exactly where your money goes
  • Identify top expense categories to reduce
  • Calculate your actual savings rate instantly
  • Compare your spending to the 50-30-20 guideline
  • Set category-wise spending limits and track adherence
  • Find money leakages that are draining your savings

⚙️ Key Factors That Affect Results

  • Fixed expenses: rent/EMI, insurance, subscriptions, school fees
  • Variable necessities: food, transport, utilities, medical costs
  • Discretionary: entertainment, dining out, shopping, travel
  • Savings and investments: SIP, RD, PPF, NPS contributions
  • Irregular expenses: festivals, travel, gifts, home maintenance

❓ Frequently Asked Questions

What is the 50-30-20 rule?▼
Allocate 50% to needs (rent, food, EMI), 30% to wants (entertainment, dining), 20% to savings and investments. Adjust ratios for Indian context.
How much should I spend on rent?▼
Ideally under 25–30% of take-home salary. If rent exceeds 35%, consider a cheaper location or increasing income.
What should be in fixed monthly expenses?▼
Rent/EMI, insurance premiums, utility bills, phone plan, subscriptions, school fees, domestic help — all predictable monthly obligations.
How do I reduce monthly expenses?▼
Track every rupee for 1 month. Identify and cut your top 3 discretionary spends. Negotiate recurring bills like insurance and internet.
What is zero-based budgeting?▼
Allocate every rupee to a specific purpose so that income minus expenses minus savings equals zero. Maximises intentional spending and savings rate.
📖 Related Finance Calculators
🎯 Savings Goal💯 Savings Rate🛡️ Emergency Fund📋 Income Tax🏆 Financial Freedom

About This Tool

Uses standard financial formulas. Results are indicative — consult a financial advisor for important decisions.

🔒 Privacy: All calculations run locally in your browser.