Free Tool

Income-Expense Tracker

Manage your money smartly

Total Income

80,000

Per Month

Total Expenses

83,000

104% of Income

Deficit

3,000

3.8% Deficit

Financial Health

Your current status

😟
Concerning

⚠️ Expenses exceed income!

You are in a deficit of ₹3,000 every month. Immediate action is needed.

Expense Breakdown

AI-Based Recommendations

To improve your situation

EMI Reduction

Medium Priority

Loan Consolidation

Consolidate all loans into one with lower interest rate

₹3,500/month savings
Effort: Medium

Prepayment

Lump sum prepayment of ₹50,000

₹2,000/month EMI reduction
Effort: Medium

Expense Cutting

High Priority

Reduce Entertainment Spend

Reduce current ₹6000 to ₹3,500

₹2,500/month savings
Effort: Easy

Optimize Transport Spend

Use carpooling or public transport

₹1,500/month savings
Effort: Easy

Review Other Expenses

Cancel unnecessary subscriptions

₹1,000/month savings
Effort: Easy

Income Increase

Long-term Priority

Start Side Income

Freelancing or part-time work

₹10,000-20,000/month
Effort: High

Skill Development

Learn new skills and career growth

20-30% Salary Hike
Effort: High

Investment Plan

Grow your savings

Insufficient Savings for Investment

Reduce expenses or increase income first

Loan Prepayment Strategy

Become debt-free sooner

Not enough savings for prepayment

50-30-20 Rule Analysis

50% on Needs, 30% on Wants, 20% on Savings

Current

Needs93%
Wants11%
Savings-3.8%

Target

Needs50%
Wants30%
Savings20%