Daily Budget Calculator
Find out exactly how much you can spend each day. Enter your income, subtract your fixed expenses, set a savings goal, and see your daily spending limit.
Income
$0Fixed Expenses
-$0Savings Goal
$0/monthHow much of your remaining income do you want to save?
10% of remaining income
Monthly Budget
Your Daily Budget
That's $0 ÷ 31 days = $0.00/day
How Daily Budgeting Works
Add Up Your Income
Include all sources: salary, side gigs, rental income, etc. Use your after-tax (net) income for accurate results.
Subtract Fixed Expenses
These are bills you must pay every month: rent, utilities, insurance, loan payments, subscriptions.
Set Your Savings Goal
Decide what percentage of your remaining income to save. Even 10% adds up over time.
Divide by Days in Month
What's left is your "spending money." Divide by the days in the month to get your daily budget.
Spend Within Your Limit
Each day, try to spend at or below your daily budget. If you spend less one day, you have more the next!
Frequently Asked Questions
How do I calculate my daily budget?
To calculate your daily budget: 1) Add up all your monthly income sources. 2) Subtract your fixed expenses (rent, utilities, insurance, etc.). 3) Decide what percentage you want to save. 4) Divide the remaining amount by the number of days in the month. This gives you your daily spending limit.
Why does my daily budget change each month?
Your daily budget changes because months have different numbers of days. February has 28-29 days, while months like January and March have 31. When you divide the same monthly budget by fewer days, your daily limit is higher. This is why February can be a great month for saving—you have the same income but fewer days of spending.
What should I include in fixed expenses?
Fixed expenses are bills that stay roughly the same each month and must be paid. Common examples include: rent or mortgage, utilities (electric, gas, water), insurance premiums, car payments, subscriptions, phone bill, and minimum debt payments. These should be subtracted from your income before calculating your daily budget.
How much should I save each month?
A common recommendation is to save 10-20% of your income. The 50/30/20 rule suggests 20% for savings. However, the right amount depends on your situation. Start with whatever you can manage—even 5% is better than nothing. As you pay off debt or increase income, gradually increase your savings rate.
What if I go over my daily budget?
Don't panic! Daily budgeting is flexible. If you overspend one day, you simply have less to spend the following days. The goal is to stay within your monthly budget overall. Some days you'll spend more (groceries, gas), some days you'll spend less or nothing. It balances out.