Luxury vs. Necessity Budgeting Tool

Income & Category Setup


Necessity Categories


    Luxury Categories


      Data Management

      Expense Entry

      Expense Log

      Date Description Amount Type Category Actions

      Budget Overview & Analysis

      Overall Summary

      Total Monthly Income:
      Total Expenses:
      Total Necessities:
      Total Luxuries:
      Remaining / Savings:

      Spending Distribution (vs. Income)

      Necessities:
      Luxuries:
      Budgeting Guideline (e.g., 50/30/20 Rule): A popular guideline suggests allocating roughly 50% of after-tax income to Needs (Necessities), 30% to Wants (Luxuries), and 20% to Savings & Debt Repayment. This is just a reference; your ideal budget may vary.

      Necessity Spending by Category

      CategoryTotal Amount% of Necessities

      Luxury Spending by Category

      CategoryTotal Amount% of Luxuries
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