Needs · 50%
$2,500
$2,500 per paycheck
Free budget calculator
50/30/20 Budget Calculator
Split your after-tax income into needs, wants, and savings in seconds. Adjust your percentages, compare pay schedules, and build a budget that fits your life.
Your income
$
What lands in your account each month after taxes and deductions.
Custom split
Adjust the rule to fit your life.
Always adds up to 100%
Your monthly plan
Every dollar has a job.
Needs 50%Wants 30%Savings & debt 20%
Wants · 30%
$1,500
$1,500 per paycheck
Savings & debt · 20%
$1,000
$1,000 per paycheck
What goes where
Needs
The essentials that keep life running.
- Rent or mortgage
- Utilities & bills
- Groceries
- Transportation
Wants
The things that make life more enjoyable.
- Dining out
- Subscriptions
- Shopping
- Entertainment
Savings & debt
The money that builds your future.
- Emergency fund
- Retirement
- Investments
- Extra debt payments
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Understand the rule
How the 50/30/20 budget works
Clear answers to help you divide your income confidently and adapt the rule to your finances.
What is the 50/30/20 budget rule?
The 50/30/20 rule suggests putting 50% of after-tax income toward needs, 30% toward wants, and 20% toward savings and debt repayment.
Should I use gross or after-tax income?
Use the after-tax income that reaches your bank account. This gives you a practical budget based on money available to spend and save.
Can I change the 50/30/20 percentages?
Yes. The calculator lets you create a custom split while automatically keeping the three categories at a total of 100%.