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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.

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An emergency fund is an essential part of a solid financial plan.
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Federal Reserve Board Chairman Jerome Powell holds a news conference following a Federal Open Market Committee meeting on June 18, 2025
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Bankrate’s experts are reacting live to the Fed’s latest interest rate decision.
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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.
Rainy day and emergency funds differ but together provide a sound financial plan.
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It’s important to find the right accounts for your emergency savings.
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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.
Woman online banking with a tablet
How Reg. D impacts your savings account and why it pays to check with your bank.
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The best account to save your money will vary by your goal.
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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Here’s how much $100,000 in a high-yield savings account can earn you.
A majority (81%) of Americans did not increase their emergency savings this year
Close up of someone hands holding and counting American dollar banknotes in her hand
Most people know they should save. But understanding why can make the habit stick. Saving isn’t just about “being responsible” — it’s about control, opportunity, and peace of mind. Here are seven [...]
Mother and daughter
A savings account is a good tool for teaching children financial basics and responsibility.
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Saving for your grandchildren can help to minimize the financial burdens they face down the road.
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