50/30/20 Rule Calculator
Budget using the 50/30/20 rule: 50% needs, 30% wants, 20% savings.
Use the 50/30/20 Rule Calculator
Enter monthly take-home income. 50/30/20 budget split is calculated.
Input
Monthly after-tax income.
50/30/20 Split
Needs (50%)
$2,500
Wants (30%)
$1,500
Savings (20%)
$1,000
Needs: rent, utilities, groceries, insurance. Wants: dining, hobbies. Savings: emergency fund, retirement, debt payoff.
How this calculator works
Enter monthly take-home income. The calculator splits it into needs (50%), wants (30%), and savings (20%).
How to interpret your results
Use the dollar amounts to allocate your budget. Adjust categories based on your situation.
FAQs
What is the 50/30/20 rule?▾
A budgeting guideline: 50% of income for needs, 30% for wants, 20% for savings and debt payoff.
What counts as needs?▾
Rent, utilities, groceries, insurance, minimum debt payments, and essentials.
Can I adjust the percentages?▾
Yes. Use as a starting point. High-cost areas may need a higher needs percentage.
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