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How to Use the Budget Calculator
Our budget calculator helps you implement the 50/30/20 budgeting rule to manage your monthly income effectively. Enter your after-tax income and categorize your expenses to see how they align with the recommended allocation.
Understanding the 50/30/20 Rule
- •50% for Needs (Essential expenses)
- •30% for Wants (Non-essential expenses)
- •20% for Savings (And debt repayment)
Calculator Features
- •Add multiple budget categories
- •Categorize expenses as needs, wants, or savings
- •See recommended vs. actual spending
- •Track budget variances
Master Your Budget with Amigo AI
Ready to take control of your finances? Amigo AI helps you track expenses, categorize transactions automatically, and get AI-powered insights for smarter budgeting. Create custom budgets, receive real-time spending alerts, and make informed financial decisions with personalized recommendations.