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Budgeting basics

A budget is a spending plan that helps you understand how much money you're making and where you're spending it. A budget is the cornerstone of a strong financial plan.

Budgeting tips

A couple budgets together.
Bankrate offers 18 ideas for stretching your budget to save money.
Young man working on finances at home. He has a laptop open and is using a calculator.
If your discretionary income is low, you could pay $0 on your federal student loans.
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Our guide tackles the basics of disposable income and how you can use it to budget.

Calculate your savings

Use our Savings Calculator to help you quickly and accurately estimate the growth of your investment. Set a goal and figure out how much you need to save each month to hit the mark.

Latest articles

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Debit cards are inherently less secure than credit cards, especially at these spots.
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Bankrate offers 18 ideas for stretching your budget to save money.
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Ally Bank logo
Ally’s money market account offers a high APY, no minimum deposit or monthly fee.
Jerome Powell, chairman of the US Federal Reserve, left, and Lisa Cook, governor of the US Federal Reserve, during the Federal Reserve Board open meeting in Washington, DC.
In a historic move, Trump announced on Monday that he was firing Fed Gov. Lisa Cook.
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The top high-yield savings accounts are currently earning APYs of 5 percent and greater.
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Monthly budgets are popular because many expenses, such as rent and bills, occur monthly.
Illustration of construction workers on a roof
An emergency fund is an essential part of a solid financial plan.
Man using cell phone in living room
It’s important to find the right accounts for your emergency savings.
Rainy day and emergency funds differ but together provide a sound financial plan.
illustration of money growing on trees
Here’s a helpful guide to how much you need in savings over the course of your life.
Calendar of 2023
Use this challenge to stash more cash toward your savings goals.
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Creating a timeline is a useful way to plan and meet all your financial goals.
Young woman using a laptop with credit card while relaxing at home
Financial goals are measuring sticks that apply to any area of your money management skills that you’re looking to improve.
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Interest is the price you pay to borrow money or the cost you charge to lend money.
A little girl gets a vaccination.
Setting aside pretax dollars in an HSA can help you defray future medical costs.
Woman online banking with a tablet
How Reg. D impacts your savings account and why it pays to check with your bank.
Illustration of cash under a beach umbrella
Here’s how much $10,000 in a high-yield savings account can earn you.
Mom preparing financial paperwork at home while her child draws next to her
Single people and young families tend to have significantly less saved.
Smiling father holds smiling daughter on his lap while looking at a computer
Experian’s new savings account has a yield based on membership tier and no minimum deposit.
Whimsical illustration of a hand putting a quarter into a miniature but realistic high end safe. As if it were a piggy bank
Comparing savings rates can ensure you get the best return on your savings.
Image by GettyImages, Illustrated by Bankrate
The APY percentage shows how much an account earns per year. Here’s what you need to know.
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