Learnby FirstHome IQ

Calculators

Build a budget you will actually use

Map your income, your needs, your wants, and what you save. As you type, see how close you are to the 50/30/20 rule and how much is left over each month. Free, no login.

Tip: enter your average monthly amounts. For yearly costs (like insurance or property tax), divide by 12. Edit any label, or use the × to remove a line you do not need.

Monthly income

What comes in each month after taxes. Include allowance, financial aid, or support if they apply.

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Total monthly income$0

Needs

The essentials: housing, utilities, groceries, transportation, insurance, minimum debt payments.

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Total needs$0

Wants

The nice-to-haves: dining out, subscriptions, travel, hobbies, and everything that makes life fun.

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Total wants$0

Savings & debt payoff

Money toward your future: savings, retirement, investing, and extra payments beyond the minimums.

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Total savings & debt payoff$0

Want a version you can save and revisit? Make your own copy of the spreadsheet ↗

The 50/30/20 rule

A simple starting point: aim for about 50% of your take-home toward needs, 30% toward wants, and 20% toward savings and debt payoff. It is a guide, not a rule. The point is to see where your money actually goes and make sure every dollar has a job.

Ready to think about a home?

Once you know your monthly numbers, see the home price your budget supports.

Affordability calculator →

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