Budget Planner

Here’s a simple guide on how to use the Budget Planner I provided:

Step-by-Step Guide to Using the Budget Planner

1. Enter Your Income & Expenses

• Monthly Income (₹): Enter your total monthly income (salary, business income, etc.).
• Expenses:
• Housing: Rent, EMI, maintenance, property tax, etc.
• Food: Groceries, dining out, snacks, etc.
• Transportation: Fuel, public transport, cab fares, etc.
• Utilities: Electricity, water, internet, phone bills, etc.
• Other: Entertainment, shopping, medical, subscriptions, etc.

2. Click “Calculate Budget”

• The tool will calculate:
• Total Expenses (sum of all expenses)
• Balance (Income – Expenses)
• Surplus (Green) if you spend less than you earn.
• Deficit (Red) if you spend more than you earn.

3. Review the Summary

• The summary section will show:
• Total Income
• Total Expenses
• Savings (if surplus) or Deficit (if overspending)

4. Adjust Your Budget (If Needed)

• If you have a deficit, consider:
• Reducing unnecessary expenses (e.g., dining out, subscriptions).
• Finding ways to increase income.
• If you have a surplus, consider:
• Saving or investing the extra money.
• Paying off debts faster.

Example Usage

Result:

• Total Expenses = ₹33,500
• Balance = ₹16,500 (Surplus) ✅

Tips for Better Budgeting

✔ Track Every Expense – Small spends add up!
✔ Set Savings Goals – Aim to save at least 20% of income.
✔ Review Monthly – Adjust spending habits if needed.
✔ Emergency Fund – Keep 3-6 months’ expenses aside.