Budget Calculator (50/30/20)
A simple starting point for your money. Enter your monthly take-home pay and get a split between needs, wants and savings.
How it works
- 1
Enter your income
Monthly take-home pay after tax.
- 2
See the split
50% needs, 30% wants, 20% savings and debt repayment.
- 3
Adjust to your life
Use the numbers as targets and compare them with your real spending.
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Frequently asked questions
Use net income — the money that actually reaches your account.
How the 50/30/20 budget works
The 50/30/20 rule splits after-tax income into three buckets: 50% for needs (housing, groceries, utilities, transport, minimum debt payments), 30% for wants (eating out, travel, subscriptions) and 20% for savings and extra debt payments.
It is a guideline, not a law. In high-cost cities needs may take more than half, and people paying off debt aggressively may push savings above 20%. What matters is that every month has a plan.