Skip to Main Content

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.
Woman using a calculator and examining financial documents
Understanding discretionary income can help you with your budgeting strategy.
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

President Trump and Jerome Powell
The Fed might find itself in a tricky situation.
Welders at work
GDP expanded by 3.2 percent, but gains came from the typically more volatile components.
Federal Reserve chair
The Fed will most likely hold interest rates steady, but here’s how it could still impact your wallet.
FDIC building in Washington DC
The free stock trading outfit had previously walked back deposit product plans.
Federel Reserve building
Federal Reserve officials are giving themselves room to be flexible with monetary policy.
Woman using a calculator
Challenged by fintech startups, banks are pushing new services to customers.
Jerome Powell Fed FOMC Decision Day
The Fed voted to leave interest rates alone for the second-straight meeting.
Bank teller with customer
Branch banking is rapidly changing with the rise of automation and fintech.
Person shopping at grocery store choosing oranges in the supermarket
Monthly budgets are popular because many expenses, such as rent and bills, occur monthly.
Man using cell phone in living room
It’s important to find the right accounts for your emergency savings.
Illustration of construction workers on a roof
An emergency fund is an essential part of a solid financial plan.
Mother and daughter shopping for vegetables
These simple moves can help you build a cash cushion.
Calendar of 2023
Use this challenge to stash more cash toward your savings goals.
illustration of money growing on trees
Here’s a helpful guide to how much you need in savings over the course of your life.
young woman smiling on city sidewalk
Creating a timeline is a useful way to plan and meet all your financial goals.
Mechanic uses force to unlock bolt
Rainy day and emergency funds differ but together provide a sound financial plan.
Man watering plants
Interest is the price you pay to borrow money or the cost you charge to lend money.
Mature woman helps her daughter study for exam
High-yield savings rates fluctuate over time. Let’s explore what causes that.
Recession risks are rising. Learn six smart savings strategies to protect your money before it hits.
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.
Financial manager meeting with couple in bank branch office
Get the latest rates on top-yielding money market accounts.
Person using laptop computer at home
Split direct deposit is a simple way to painlessly boost your savings.
Money next to flashing sirens
Over 1 in 3 people tapped emergency savings in the past year, per a new Bankrate survey.
A student withdraws cash at an ATM.
There are ways to access your money and ultimately spend it. Here’s how.
The trusted provider of accurate rates and financial information
Wall Street Journal
Usa Today
New York Times
Cnn
Bloomberg
Abc