How to Be Financially Free - in 5 Steps
Enter your monthly take-home income to see how your money could be allocated.
- 1What this does
- 2Your name
- 3Your salary
A budget you can be wrong against
This splits your pay across five jobs money has to do, then lets you record what you actually spent so you can see which one you got wrong. It runs entirely in your browser.
- Split your income five ways, in your own currency
- Change the percentages to match how you really live
- Record real months and see where the plan broke
What should I call you?
Used only to say hello when you come back. Leave it blank if you would rather not, and the page works exactly the same.
What do you earn in a year?
Take-home, after tax. The monthly figure the calculator works from is a twelfth of this, and you can change it later.
Enter an amount greater than zero.
Your name and salary are saved in this browser, on this device, and nowhere else. There is no account, no server and nothing to send them to. Settings can erase them.
- Enter your income Pick your currency, type what you take home each month. Every figure updates as you type.
- Adjust the split The 55/5/10/15/15 starting point is not a rule. Change it in Settings, as long as the five total 100.
- Track what you spent Record a real month and the page shows which category you went over on. Export it whenever you want it.
Your income
What lands in your account each month, after tax and deductions.
Enter an amount greater than zero.
Amounts are not converted between currencies. Enter what you earn, in the currency you earn it.
Settings 55/5/10/15/15
Move the percentages to match how you actually live. The five must total 100 before the split will apply.
Total 100% Remaining: 0%
Removes everything this site has stored on this device: your name, salary, percentages, every saved month, your light or dark choice, and the country guess used to pick a phone number.
Your monthly wealth-building allocation
₹25,000
Debt payoff or investing, plus long-term investing.
Over a year
- Monthly income
- ₹1,00,000
- Annual income
- ₹12,00,000
- Annual long-term investing
- ₹1,80,000
- Annual debt payoff / investing
- ₹1,20,000
- Annual wealth building
- ₹3,00,000
Where each month goes
- Monthly income 100% ₹1,00,000
- Essentials 55% ₹55,000
- Guilt-free spending 5% ₹5,000
- Debt payoff / investing 10% ₹10,000
- Short-term goals 15% ₹15,000
- Long-term investing 15% ₹15,000
Based on your income, you could put ₹15,000 a month toward long-term wealth building - ₹1,80,000 over a year.
What each part is for
- Essentials 55% ₹55,000
Rent or EMI, groceries, transport, utilities and everything else you cannot skip.
- Guilt-free spending 5% ₹5,000
Eating out, entertainment, shopping. Budgeted on purpose, so it does not need justifying.
- Debt payoff / investing 10% ₹10,000
Clearing loans and card balances. With no debt to clear, this joins your investing.
- Short-term goals 15% ₹15,000
Travel, a vehicle, a wedding, the emergency fund. Anything with a date on it.
- Long-term investing 15% ₹15,000
Retirement, SIPs and index funds. The part that needs years rather than attention.
Track what you actually spent Takes a minute
This is the part that changes anything. A split you never check against real spending is a diagram, and most budgets fail in one category rather than all five. Fill in a month and you find out which one.
Enter what you actually spent in each category this month. The difference against the plan is the useful part: a plan you never check is a wish.
- Planned - Difference -
- Planned - Difference -
- Planned - Difference -
- Planned - Difference -
- Planned - Difference -
Nothing recorded yet
Your months
No months saved yet.
Export writes every month you have saved to a CSV you can open in a spreadsheet. Import reads that file back, and refuses anything it cannot verify rather than quietly changing your numbers.
Monthly reminder
Adds a repeating entry to your own calendar, so the nudge arrives whether or not this page is open. It is a file your calendar reads: no notification permission, no account, and nothing about you leaves this device.
Where these percentages come from
The split below is a starting point, not a rule. It is a variation on the 50/30/20 budget: half the income to the things you cannot skip, a fifth to the future, and the rest divided between what you enjoy now and what you are saving toward.
The reason it is split five ways rather than three is that "savings" hides two different jobs. Money for a car in eighteen months and money for retirement in thirty years behave nothing alike - one needs to be there on a date, the other needs time in the market. Putting them in one bucket is how the retirement half quietly funds the car.
Every one of these numbers moves with circumstance. Rent in Mumbai or Dubai can take 55% on its own. A month with a bonus changes what the percentages mean. Somebody paying down a credit card at 40% interest should not be putting 15% into an index fund. Treat the split as the shape of a budget, then argue with it.
Common questions
What is a financial freedom calculator?
It takes what you earn each month and divides it across the jobs money has to do: paying for life now, staying out of debt, funding what is coming, and building wealth for later. The output is a budget shape you can hold against your actual spending.
How is this different from the 50/30/20 budget?
50/30/20 puts needs at 50%, wants at 30% and savings at 20%. This splits the same income five ways instead of three, and separates short-term goals from long-term investing, because a wedding fund and a retirement fund should not share a bucket. It also assumes less discretionary spending: 5% rather than 30%.
How much of my salary should I invest each month?
There is no figure that is right for everybody. This framework sends 25% toward wealth building, split between clearing debt and long-term investing. If you carry high-interest debt, clearing it first usually beats investing alongside it, because the interest you stop paying is a guaranteed return.
Does it work if my income changes month to month?
Run it against a month you would call typical rather than your best one. For freelance or commission income, people often run it against the lowest month of the last year, so the budget holds in a bad month instead of only a good one.
Are the percentages fixed?
No. Open "Customize percentages" and set your own, as long as the five total 100. Reset to recommended puts them back to 55/5/10/15/15.
Can I track what I actually spent?
Yes. Open "Track what you actually spent", pick a month and enter the real figures per category. The page shows the difference against the plan, over or under, for each category and for the month as a whole. Saved months stay in this browser.
Can it remind me each month?
It can add a repeating entry to your own calendar, on a day you pick. That is a calendar file, not a push notification: browser push would need a server to hold a subscription and send the message, and this page has no server, which is also why nothing you type here leaves your device.
Can I get my data out?
Export CSV writes every saved month to a file you can open in any spreadsheet, one row per category per month. Import reads the same shape back. The importer checks every row and tells you the line number of anything it will not accept, rather than dropping it silently.
Does changing the currency convert my numbers?
No. A budget split is a ratio, so 55% is 55% in any currency. Changing the currency changes the symbol and the digit grouping, and nothing else. Enter what you earn in the currency you are paid in.
Is my income sent anywhere?
No. The calculation runs in your browser and the page has no backend. Your figures are saved in local storage on this device so the page remembers them next time, and clearing your browser data removes them.