Budget Planner
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Monthly Income Goal
Business Expenses
Personal Expenses
Summary
Income Goal$5000.00
Business Expenses$0.00
Personal Expenses$0.00
Total Expenses$0.00
Surplus / Shortfall$5000.00
Budget Planner FAQ
How do freelancers budget with irregular income?
Use a baseline average of your last 6-12 months of income. Build a buffer for slow months, and always prioritize an emergency fund. Our planner helps you compare income goals against fixed and variable expenses.
What percentage should I set aside for taxes?
\nMost freelancers set aside 25-35% of income for taxes. This covers federal, state, and self-employment tax. Keep this in a separate savings account so you are not surprised at tax time. Most freelancers reserve 25–35%. Adjust based on your bracket and deductions. Use our Tax Calculator and read 2026 Freelance Tax Deductions to optimize.
How much should I spend on business vs personal?
A common guideline is 50/30/20: 50% for personal needs, 30% for business expenses, and 20% for savings and debt repayment. Adjust based on your industry and lifestyle.