Student Budget Planner
List what you earn or receive each month and what you spend. You'll see what's left over, your savings rate, how your spending splits between needs and wants, and what that adds up to over a term. Use any currency.
Monthly income
Monthly expenses
How it's calculated
Left over each month is total income minus total expenses. Savings rate is left over divided by income. Each expense is tagged as a need or a want, and those totals are shown as a share of income next to the common 50/30/20 guideline (50% needs, 30% wants, 20% savings). The term projection multiplies your monthly figure by the number of months you enter.
Worked example
Income: 600 allowance + 200 part-time job = 800. Expenses: rent 350 (need), groceries 150 (need), transport 40 (need), phone 20 (need), eating out 80 (want), subscriptions 25 (want).
Expenses: 350 + 150 + 40 + 20 + 80 + 25 = 665. Left over: 800 − 665 = 135. Savings rate: 135 ÷ 800 = 16.9%. Needs: 560 ÷ 800 = 70%, wants: 105 ÷ 800 = 13.1%. Over a 4-month term that is 135 × 4 = 540 saved.
Frequently asked
What is the 50/30/20 rule?
A rough guideline that puts about 50% of income toward needs, 30% toward wants and 20% toward savings. Student budgets often cannot hit those numbers, so treat it as a reference point rather than a target.
What counts as a need versus a want?
Needs are costs you cannot easily skip, such as rent, groceries, transport to class and tuition. Wants are optional, such as eating out, subscriptions and entertainment. You choose the label for each expense.
Which currency does it use?
Any. It works on plain numbers, so enter amounts in whatever currency you budget in.
Is my budget saved?
Yes, in this browser's local storage only. Nothing is uploaded, and it will not appear on another browser or device.