Free calculator
50/30/20 Budget Calculator
Enter your monthly take-home income to see a simple, balanced split between needs, wants, and savings.
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Rent or mortgage, utilities, groceries, transport, insurance, minimum debt payments.
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Eating out, subscriptions, shopping, hobbies, travel, entertainment.
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Emergency fund, retirement, investments, and extra debt payments.
This is a general guide, not personalized financial advice. The 50/30/20 split is a starting point, adjust it to fit your real situation.
How the 50/30/20 rule works
The 50/30/20 rule splits your after-tax income into three simple buckets: 50% for needs, 30% for wants, and 20% for savings and extra debt payments. It is popular because it is easy to remember and flexible enough for most incomes.
The percentages are a guide, not a law. If your rent is high, your needs might be 60% for now, and that is fine. Use the calculator as a starting point, then adjust the split to match your real life.
Want the full walkthrough? Read How to Make a Budget That Actually Works.
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