60/30/10 Budget Calculator
Needs (60% = ₹0)
Needs are essential expenses like housing, food, and transport. These should not exceed 60% of your income.
Wants (30% = ₹0)
Wants are non-essentials like entertainment and dining out. Limit these to 30% of your income.
Savings (10% = ₹0)
Savings include your emergency fund, investments, or any future goals. Aim for at least 10% of your income.
Budget Overview
Visual comparison between spent and remaining budget
Total Income: ₹0
Total Spent: ₹0
Remaining Balance: ₹0
60/30/10 Budget Breakdown
Needs: ₹0
Wants: ₹0
Savings: ₹0
Summary Report
| Category | Spent (₹) | Target (₹) | Difference (₹) | Status |
|---|
📊 60/30/10 Budget Calculator for Students
Simplify Your Monthly Finances with a Smarter Budgeting Plan
Struggling to manage your student budget? The 60/30/10 Budget Calculator is a simple and effective tool for students to allocate their monthly income. Whether your funds come from a part-time job, allowance, or scholarship, this method helps ensure your needs are met, your wants are balanced, and your future is secure.
💡 What is the 60/30/10 Budget Rule?
The 60/30/10 budgeting rule divides your income into three categories:
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60% for Needs – Essentials like rent, food, transport, tuition, books
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30% for Wants – Shopping, entertainment, dining out, hobbies
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10% for Savings or Debt – Building a savings fund or repaying student loans
This method is ideal for students living independently or in hostels, helping you stay financially stable without sacrificing your lifestyle.
🛠️ How to Use the 60/30/10 Budget Calculator
Step 1: Enter your total monthly income
Step 2: The calculator splits your income using the 60/30/10 formula
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Needs = 60%
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Wants = 30%
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Savings or Debt = 10%
Step 3: Use the results to plan your monthly spending effectively
🎓 Why the 60/30/10 Rule Works Well for Students
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Gives Priority to Essentials: 60% for core needs covers the basics without stress
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Flexible Lifestyle: 30% allows room for fun and personal choices
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Promotes Financial Discipline: 10% savings help build long-term stability
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Simple and Easy to Follow: Ideal for beginners with no budgeting experience
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Customizable: Can adjust easily if your income or expenses change
📘 Example of a Student Budget (Monthly Income: ₹15,000)
| Budget Category | Percentage | Amount (₹) |
|---|---|---|
| Needs | 60% | ₹9,000 |
| Wants | 30% | ₹4,500 |
| Savings/Debt | 10% | ₹1,500 |
This breakdown helps students cover basic expenses, enjoy college life, and start saving early.
🧠 Budgeting Tips for Students Using the 60/30/10 Formula
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List all your expenses under each category to avoid overspending
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Use the 10% savings for emergency funds or semester fees
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If you don’t have debt, invest your 10% or save for the future
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Track your actual spending vs. budgeted amounts
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Recalculate monthly if your income changes
🎯 What You Can Achieve with the 60/30/10 Budget
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Pay hostel rent and utilities stress-free
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Save for a new laptop or educational tools
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Fund short trips or attend student events
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Start repaying your education loan early
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Avoid falling into debt while studying
✅ Start Budgeting Smarter with the 60/30/10 Calculator
Perfect for students who want to take control of their finances, build savings habits, and enjoy college life without guilt.
This tool is designed to make budgeting simple, fast, and practical for student life.
👉 Use the 60/30/10 Budget Calculator now and take the first step toward financial freedom!
