Monthly Budget Planner
Free monthly budget planner India — 50/30/20 in INR
This free budget planner helps Indian households split take-home income into needs, wants, and savings using the popular 50/30/20 rule — adapted for rent, EMIs, school fees, and family support in rupees. Enter your monthly in-hand pay and category amounts to see whether your spending aligns with your targets.
Budgeting in INR keeps the plan realistic: the same percentage rule feels very different in Mumbai versus a tier-2 city. Use this page after the Salary calculator so your income number matches your actual take-home pay.
How to use the 50/30/20 budget calculator
Enter monthly net income, then allocate rent, groceries, utilities, loan EMIs, and other essentials into needs. Add dining out, subscriptions, and discretionary spending to wants. Assign SIPs, extra loan prepayment, and emergency fund contributions to savings. The planner shows totals and highlights when needs exceed 50% or savings fall below 20%.
Adjust categories until the split is sustainable. If savings are too low, trim wants before cutting essential needs or skipping EMI payments.
When the 50/30/20 rule does not fit
High housing costs, medical expenses, or supporting parents may push needs above half of income. That is normal — treat 50/30/20 as a direction, not a failure. The goal is visibility: know where every rupee goes, then improve one category per month.
Frequently asked questions
- What is the 50/30/20 budgeting rule?
- It suggests spending about 50% of after-tax income on needs, 30% on wants, and 20% on savings and debt payoff. In India, needs often include rent, EMIs, groceries, utilities, insurance, and essential transport.
- How do I budget with irregular income in India?
- Use a conservative average of the last 3–6 months of take-home pay, build a larger emergency fund first, and cap fixed commitments until income stabilises. Freelancers can still use needs/wants/savings buckets — with a higher savings buffer.
- Should I budget on gross or net salary?
- Budget on net (in-hand) salary. Gross pay overstates what you can spend after tax and PF. Link the Salary calculator to get an accurate net figure.
- Is this budget planner free?
- Yes. FinCoHolic’s monthly budget planner is free with no account required.
Educational tool only — not tax, legal, or investment advice. Read our disclosures.