Budget Calculator (50/30/20)
Turn your take-home pay into a simple plan. The popular 50/30/20 rule splits your income into 50% needs, 30% wants and 20% savings & debt repayment. Enter your monthly income to see each amount — and adjust the percentages if your situation calls for a different split.
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%
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Monthly income
$4,000.00
Needs
$2,000.00
Wants
$1,200.00
Savings & debt
$800.00
Frequently asked questions
What is the 50/30/20 rule?+
It's a simple budgeting guideline: spend about 50% of your after-tax income on needs (housing, food, bills), 30% on wants, and put 20% toward savings and paying down debt.
Should I use after-tax or gross income?+
Use your take-home (after-tax) income — the money that actually lands in your account. That's what you budget from.
Can I change the percentages?+
Yes. The 50/30/20 split is a starting point. Edit the percentages to match your goals; the calculator updates the amounts and flags if they don't add up to 100%.
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