Family Budget Calculator
Handle two incomes, kid expenses, retirement, and 529 savings in one view. See your household savings rate and exactly where to cut when things get tight.
$10,700
monthly household income
Excellent · 16% savings rate
Household roll-up
Income
$10,700
Expenses
$9,755
Needs
$6,860 (64%)
Wants
$1,145 (11%)
Savings
$1,750 (16%)
Monthly surplus
$945
Freedom Coach™
Household surplus: $945/mo. Savings rate 16.4%.
4 people at $2,001/mo each. ~$855/mo per kid.
Premium
Save household budgets, compare 'what if we cut childcare / bought a house' scenarios, and share access with your spouse.
Unlock PremiumFamilies have irregular but chunky costs — childcare, kids' activities, healthcare, and education savings. The 50/30/20 rule still applies, but 'needs' often stretch to 55–60% while kids are young.
USDA data shows middle-income families spend $16k–$18k per child per year. Childcare and housing drive the biggest jumps — plan for both before the baby arrives.
No. Kids can borrow for college, but you can't borrow for retirement. Save at least 15% for retirement first, then whatever's left toward a 529.
Aim for 15–20% of household income across retirement, emergency, and education combined. High-cost-of-living families with young kids may need to start at 10% and ramp.
Frame it as 'we're deciding together where our money goes.' Automate the essentials, give each partner a personal spending allowance no questions asked, and revisit monthly for 20 minutes.
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