Below is the prompt that I typed into X's GRok app to set up a monthly budget. Use the comments to let me know if I should tweak it even further.
Please create a percentage based budget based on my income and expenses.
Please layout the numbers in this format.
(Paycheck × decimal = amount)
My total monthly income is $7250
My total monthly bills is $1745
Create this budget with my bills as the highest priority. Bills should be covered. The remaining income is split into two categories, saving and leisure.
Provide with a 2-week outlook. Also provide me with a monthly outlook. Include percentages and decimal amounts. Round percentages to the nearest whole number. Format final numbers in a summarized table
This is the result that GRok came up with:
### Monthly Outlook
In this budget, your bills (essentials) are prioritized and fully covered at $1,745, which represents 43% of your monthly income. Based on standard financial guidelines like the 50/30/20 rule (adjusted for your lower essentials), I've allocated 20% to savings and the remaining 37% to leisure/discretionary spending. This ensures a balanced approach with strong emphasis on building savings.
- Bills: (Paycheck × 0.4317 = $1,745)
- Savings: (Paycheck × 0.2000 = $809)
- Leisure: (Paycheck × 0.3683 = $1,490)
| Category | Percentage | Decimal | Amount |
|----------|------------|---------|--------|
| Bills | 43% | 0.4317 | $1,745 |
| Savings | 20% | 0.2000 | $809 |
| Leisure | 37% | 0.3683 | $1,490 |
### 2-Week Outlook
Assuming bi-weekly paychecks (half your monthly income for simplicity, as many people are paid this way), the budget scales proportionally. You'll set aside half your monthly bills per paycheck to ensure they're covered by month's end. Percentages remain the same for consistency.
- Bills: (Paycheck × 0.4315 = $873)
- Savings: (Paycheck × 0.2000 = $404)
- Leisure: (Paycheck × 0.3685 = $745)
| Category | Percentage | Decimal | Amount |
|----------|------------|---------|--------|
| Bills | 43% | 0.4315 | $873 |
| Savings | 20% | 0.2000 | $404 |
| Leisure | 37% | 0.3685 | $745 |
