Finance Calculators

50/30/20 Budget Planner

Enter your monthly take-home income to see suggested spending limits for needs, wants, and savings using the 50/30/20 rule.

$2,250
Needs (50%)
$1,350
Wants (30%)
$900
Savings/debt (20%)

Based on the popular 50/30/20 budgeting rule: 50% essentials (rent, groceries, utilities), 30% discretionary spending, 20% savings or debt payoff.

How to use this tool

  1. 1Enter your monthly take-home income.
  2. 2See the suggested split across needs, wants, and savings.
  3. 3Enter your actual spending to compare.

Frequently asked questions

What is the 50/30/20 rule?+

A budgeting guideline: 50% of income to needs, 30% to wants, and 20% to savings and debt repayment.