Finance Calculators

Budget Calculator (50/30/20 Rule)

Split your monthly take-home income into needs, wants and savings using the popular 50/30/20 budgeting rule.

Needs (50%) —

Wants (30%) —

Savings & debt (20%) —

About the Budget Calculator (50/30/20 Rule)

The 50/30/20 rule is a simple budgeting framework: spend 50% of after-tax income on needs (housing, food, utilities), 30% on wants (dining out, entertainment) and 20% on savings and debt repayment.

Formula: Needs = Income × 0.50 · Wants = Income × 0.30 · Savings = Income × 0.20

It's a starting point rather than a strict rule — adjust the proportions to fit your cost of living, debt load and savings goals.