50/30/20 Budget Calculator
Enter your monthly take-home pay to split it with the 50/30/20 rule: 50 percent for needs, 30 percent for wants and 20 percent for savings. Adjust the split to fit your plan.
How to use the 50/30/20 rule
- Enter your monthly take-home (after-tax) income.
- Keep the 50/30/20 split or set your own percentages that add up to 100.
- Read the dollar amounts for needs, wants and savings, monthly and yearly.
Examples
Income of 5000 per month
Monthly income 5000, split 50/30/20
Needs 2500, wants 1500, savings 1000
Frequently asked questions
What is the 50/30/20 budget rule?
It splits your after-tax income into 50 percent for needs, 30 percent for wants and 20 percent for savings or paying off debt.
Should I use gross or take-home income?
Use take-home (after-tax) income. The rule assumes taxes are already removed from the amount you are budgeting.
What counts as a need versus a want?
Needs are essentials like rent, groceries, utilities and minimum debt payments. Wants are non-essentials like dining out, travel and subscriptions.
Can I change the percentages?
Yes. You can set any split, such as 60/20/20, as long as the three percentages add up to 100.
Is my income data private?
Yes. The math runs entirely in your browser and nothing is uploaded or stored.
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