Student Budget & Freelance Invoice Tax Calculator

Split your income using the 50/30/20 rule and calculate VAT, GST, or sales tax on your freelance invoices.

🎓 Student Budget Calculator

Split your income using the 50/30/20 rule — needs, wants, and savings.

💰 Your Income

Monthly Take-Home Income

What hits your bank account each month

Needs 50%

Wants 30%

Savings / Debt 20%

Must equal 100% — sliders auto-adjust

$3,000 monthly

Needs Wants Savings

NEEDS (50%)

$1,500

Rent, food, utilities, transport, minimum debt payments, insurance

WANTS (30%)

$900

Dining out, entertainment, shopping, hobbies, subscriptions, travel

SAVINGS / DEBT (20%)

$600

Emergency fund, extra debt payments, investments, future goals

💡 If you save $600/month, that's $7,200 per year toward your future!

💡 Budget Tips

If your rent exceeds 30% of income, consider roommates or a more affordable place
Automate savings: set up auto-transfer from checking to savings on payday
Track every dollar for 30 days to see where your money really goes
The 50/30/20 rule is a guideline — adjust percentages to fit your life

📝 Freelance Invoice Tax Calculator

Know whether to add VAT, GST, HST, or sales tax to your invoices.

🌎 Invoice Details

Your Country

Client Country

Invoice Amount

Service Type

⚠️

Important: Tax rules vary by jurisdiction and change frequently. Verify all tax requirements with a local accountant before issuing invoices. This tool provides estimates based on common rules.