50/30/20 Budget Calculator
Split your take-home pay into needs, wants and savings with the 50/30/20 rule — or set your own percentages — and compare with your actual spending.
For information and education only — not financial advice. Results are estimates based on the numbers you enter; check important decisions with a qualified professional.
How to use
- 1Enter your monthly take-home pay.
- 2Adjust the split if you like, and optionally enter what you actually spend in each group.
How it's calculated
Needs = income × 50%, wants = income × 30%, savings and debt repayment = income × 20% (percentages adjustable).
Frequently asked questions
What counts as a need?
Essentials you'd struggle without: rent or mortgage, utilities, groceries, insurance, transport to work and minimum debt payments.
Where do extra debt payments go?
In the 20% savings group — paying off debt beyond the minimum improves your finances just like saving does.
What if my needs are more than 50%?
That's common in high-cost cities. Try 60/20/20 or 70/20/10 and work toward lowering fixed costs over time.