Free budget planner and savings calculator

The 50/30/20 rule for a balanced budget

The 50/30/20 rule splits your net income into three parts: about 50% for needs (housing, energy, groceries, transportation, insurance), 30% for wants (hobbies, going out, vacations, shopping) and 20% for savings and paying off debt early. It’s a guideline, not a hard rule: in big cities, housing alone often takes more than half the budget.

The calculator shows you the ideal split for your income and compares it with your current situation. The gap tells you where to act first.

How does compound interest work?

With compound interest, the interest you earn generates its own interest the following year. Over a few years, the effect is modest; over twenty or thirty years, it becomes huge. That’s why starting to save early, even small amounts, often matters more than how much you save.

The savings calculator shows how much of your final balance comes from your deposits and how much from interest, based on the rate, duration and monthly deposit you enter. Results are simulations: actual returns vary.

Work out how much to save for a goal

A down payment on a home, a car, a vacation, an emergency fund: when your goal has an amount and a date, all you need to know is how much to set aside each month. The goal calculator tells you, taking into account what you’ve already saved and any expected return.

In Ecomely, you can then create a Money Pot for that goal and track every deposit.

When a calculation isn’t enough

A calculator gives you a snapshot. To stay on track over time, you need to follow what really happens: what’s spent, what’s set aside, what’s left. Ecomely does this tracking for free: your monthly budget, Money Pots, Net Worth, and Zély to give you a heads-up before payments are due.