50/30/20 Budget Calculator

It splits your after-tax income into three buckets: 50 percent for needs, 30 percent for wants and 20 percent for savings or paying off debt. It is a simple starting framework, not a strict law.

Use take-home (after-tax) pay, the amount that actually lands in your account. The rule assumes taxes and payroll deductions are already removed from the figure you are budgeting.

Needs are essentials you cannot easily skip, like rent, groceries, utilities, insurance and the minimum payments on any debt. Wants are the extras that make life nicer, like dining out, travel, hobbies and streaming subscriptions.

The minimum required payment on a loan or card is a need, since missing it has real consequences. Any extra you pay to clear the balance faster belongs in the 20 percent savings and debt bucket.

Yes. Set any split that suits you, such as 60/20/20 or 50/20/30, using the Needs %, Wants % and Savings % boxes. The result only appears when the three add up to 100.

The Total indicator turns amber and the tool shows a message instead of a budget, because a split that does not sum to 100 would not account for all your income. Adjust the numbers until they total 100.

Each monthly amount is simply multiplied by twelve. So $1,000 a month of savings shows as $12,000 for the year, which makes it easy to set an annual target.

The math is pure percentages, so the split is correct for any currency amount you enter. Amounts are formatted with a dollar sign, but you can read them as your own currency.

Yes. The calculation runs entirely in your browser and nothing is uploaded or saved, so your income and budget stay on your device.