With this tool, you can analyze your monthly income and expenses, plan your budget, and receive recommendations to reach your financial goals.
Budget planning is a critical process for maintaining and improving your financial health. This tool helps you reach your financial goals by analyzing your income and expenses in detail.
When planning a budget, we start by categorizing your income and expenses. This categorization helps you better understand your spending habits and identify potential savings areas. The data entered for each category allows you to see how your total budget is distributed.
Calculation Formula:
1. Total Income (TI) = ∑(All Income Items)
2. Total Expenses (TE) = ∑(All Expense Items)
3. Net Budget (NB) = TI - TE
4. Category Ratio (CR) = (Category Amount / Relevant Total) × 100
5. Savings Rate (SR) = (Net Budget / Total Income) × 100
Recommended ratios for healthy budget planning in the US and UK:
- Housing (Rent/Mortgage): Maximum 30% of total income
- Essential Needs (Groceries, Utilities): 35%
- Transportation: 15%
- Savings: Minimum 20%
- Entertainment and Others: Remaining 10%
These ratios are determined considering the living conditions and economic indicators in the United States and United Kingdom. Our budget planner evaluates your input data according to these ratios and provides personalized recommendations.
The data obtained from the budget analysis is presented in visual graphs and detailed reports. These visualizations help you better understand your financial situation and make necessary adjustments. Additionally, the system automatically calculates your savings potential and provides suggestions for improving your spending habits.
Regular budget planning is the key to reaching your financial goals. This tool not only analyzes your current situation but also helps you make financial plans for the future. By regularly tracking your monthly income and expenses, you can reach your savings goals and increase your financial freedom.
When planning a budget, we start by categorizing your income and expenses. This categorization helps you better understand your spending habits and identify potential savings areas. The data entered for each category allows you to see how your total budget is distributed.
Calculation Formula:
1. Total Income (TI) = ∑(All Income Items)
2. Total Expenses (TE) = ∑(All Expense Items)
3. Net Budget (NB) = TI - TE
4. Category Ratio (CR) = (Category Amount / Relevant Total) × 100
5. Savings Rate (SR) = (Net Budget / Total Income) × 100
Recommended ratios for healthy budget planning in the US and UK:
- Housing (Rent/Mortgage): Maximum 30% of total income
- Essential Needs (Groceries, Utilities): 35%
- Transportation: 15%
- Savings: Minimum 20%
- Entertainment and Others: Remaining 10%
These ratios are determined considering the living conditions and economic indicators in the United States and United Kingdom. Our budget planner evaluates your input data according to these ratios and provides personalized recommendations.
The data obtained from the budget analysis is presented in visual graphs and detailed reports. These visualizations help you better understand your financial situation and make necessary adjustments. Additionally, the system automatically calculates your savings potential and provides suggestions for improving your spending habits.
Regular budget planning is the key to reaching your financial goals. This tool not only analyzes your current situation but also helps you make financial plans for the future. By regularly tracking your monthly income and expenses, you can reach your savings goals and increase your financial freedom.