50/30/20 Budget Calculator
Split your take-home income into needs, wants, and savings.
Your numbers
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Savings and debt payoff (20%)
$600.00- Needs (50%): $1,500.00
- Wants (30%): $900.00
Based on your take-home income. A starting framework, not a fixed rule.
How this calculator works
The 50/30/20 rule suggests spending about 50% of take-home income on needs, 30% on wants, and putting 20% toward savings and debt payoff. It is a starting framework, not a rule you must follow exactly.
Frequently asked questions
What counts as a need?
Housing, utilities, groceries, transportation, insurance, and minimum debt payments.
What if my needs are over 50%?
That is common in high-cost areas. Adjust the split, such as 60/20/20, and trim wants first.