Budget Calculator (50/30/20 Rule)
Use the 50/30/20 budget calculator to allocate your income effectively based on needs, wants, and savings.
Income
Needs (50%)
$0.00
Wants (30%)
$0.00
Savings (20%)
$0.00
How to use
Enter your monthly after-tax income. The calculator splits it into the 50/30/20 guideline so you can plan needs, wants, and savings targets.
Methodology
The 50/30/20 method allocates 50% of take-home income to needs, 30% to wants, and 20% to savings or debt payoff.
Full original guide (expanded)
Use the 50/30/20 budget calculator to allocate your income effectively based on needs, wants, and savings.