Best Budgeting Tools to Help You Plan a Budget and Save Money

Living without a budget is a little like going on a road trip without a map. It feels carefree, but how will you get to your destination without knowing which way to turn? There are a lot of great budgeting tools out there to help you get started. Check out our tips for finding the best budget calculators and budget planners to keep your dreams on track.

Budget Calculators

There are some basics to creating a budget: you need to know how much money you’re making and how much you’re spending. Budget calculators make doing the math a snap.

50/20/30 budget calculator

This budget calculator from Nerd Wallet is great for simple budgeters and people who want to see a quick budget breakdown. The 50/20/30 rule divides your income into three different buckets and weights them: 50% for necessities, 30% for wants and 20% for savings and paying off debt.

Monthly budget calculator

You might be surprised to find out how much you’re spending on those lattes you love. Every little purchase adds up quickly! This monthly budget calculator from Clearpoint helps you see exactly where your money is going. That way, you can find easy ways to make changes.

Budget Planners

Want to dive a little deeper into your personal finances? That’s where a budget planner can help. You’ll get a much more detailed look at where you spend your money with these online tools.

Budget planner – Nerd Wallet

This budget planner from Nerd Wallet provides a much more in-depth breakdown of where your money goes. How does it work? Fill out the worksheet to get a quick calculation. There are fields for rent and mortgage payments, utility bills and auto insurance. You’ll also see spots to fill in for fun things like travel, clothing purchases or dining out.

Budgeting for Your Goals

You have dreams and you’re determined to achieve them. Creating a budget is one of the best ways to get to your financial goals — and now you have the tools to do it. Being savvy about your spending habits can add up to big gains in your wallet, and that all starts with a monthly budget plan. And once you have a firm grasp on your finances, you’ll have more control over bringing your dreams to life.

Want to learn how to keep even more money in your pocket? Check out our discounts, and contact an agent for a quote today.

Related Topics: Finance , Saving Money