50/30/20 Budget Calculator

Split your take-home pay into needs, wants and savings with the popular 50/30/20 rule.

Needs · 50%
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Wants · 30%
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Savings · 20%
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Needs = rent, food, utilities, minimum debt payments. Wants = dining out, subscriptions, hobbies. Savings = emergency fund, investing, extra debt payoff.

Frequently asked questions

What is the 50/30/20 rule?

A simple budgeting guideline: spend about 50% of your after-tax income on needs, 30% on wants, and 20% on savings and paying down debt.

Should I use gross or take-home pay?

Take-home (after-tax) pay. The rule is based on the money that actually lands in your account.

What if my needs are over 50%?

That's common in high-cost areas. Treat the split as a target — trim wants first, and aim to grow the savings share over time.