Free Budget Planner: Manage Money and Reach Financial Goals

Tools Savings Calculator

Budget your way to big savings and investments

Use this budget planner to see how you can change your spending pattern to achieve your saving and investing goals.

Budgeting is one of the best ways to keep your finances on track. Ideally, you should spend 50% of your income on needs, 30% on wants and 20% on savings. The most important number is the smallest: the 20% dedicated to savings. If you can achieve that, the rest is easy to manage.

To protect your privacy, the budget calculations will not be saved.

_{Disclaimer: The calculations are approximate and only show indicative amounts.}

NEEDS 50%

Needs are necessary for survival and you must pay for them. These include rent or mortgage payments, car payments, groceries, insurance, health care, minimum debt payment and utilities. Needs do not include things like Netflix, dining out, impulse buys and so on.

_{Disclaimer: The calculations are approximate and only show indicative amounts.}

Rent (AED)

Household maintenance (AED)

Electricity, water, groceries & other expenses

Transportation (AED)

Petrol, taxi

Food (AED)

Health & dependent care (AED)

Out of pocket copays, daycare, elderly care

Minimum payment for debt(s) (AED)

Credit card, personal, auto and home loan installments

WANTS 30%

Wants are not absolutely essential. They include eating out, tickets to events, vacations, new gadgets, gym memberships and other impulse buys. Wants are always optional expenses. You can cook a meal instead of eating out, work out at home instead of paying for a gym and save splurging on expensive events for special occasions only.

_{Disclaimer: The calculations are approximate and only show indicative amounts.}

Personal & family care (AED)

Grooming, clothing, gym memberships, hobbies

Leisure activities (AED)

Family outings, birthdays, anniversaries, festivities

Other expenses (AED)

Charitable donations

SAVINGS 20%

If you can consistently allocate 20% of your income to savings and investments, you’ll be in relatively good financial health down the road. Savings can include putting away money in a savings account, contributing to gratuity, a provident fund, mutual funds or even investing in the stock market.

_{Disclaimer: The calculations are approximate and only show indicative amounts.}

Savings (AED)

Emergency fund, bank savings

Debt repayment excluding the minimum payment (AED)

Pre-payments on loans

Your 50/30/20 budget

Needs

Wants

Savings

Monthly Surplus

Your debt-burden ratio

_{Disclaimer: The calculations are approximate and only show indicative amounts.}

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