50/30/20 budget calculator
Split your income with the 50/30/20 rule: needs, wants, savings.
- Instant
- Free
- Private (processed locally)
- No sign-up
A balanced budget in three parts
Enter your monthly net income: the tool splits it with the 50/30/20 rule (needs, wants, savings), shows the amounts and projects your savings over the year. Percentages are adjustable.
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Enter the net income
What lands in your account.
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Keep or adjust
50/30/20 by default, editable.
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Read the buckets
Needs, wants, savings + annual savings.
Example: 3000 / month
| Bucket | Share | Amount |
|---|---|---|
| Needs | 50% | 1500 |
| Wants | 30% | 900 |
| Savings | 20% | 600 |
| Savings / year | — | 7200 |
A guideline, not an absolute rule: adapt to your cost of living. Local calculation, no data sent.
Frequently asked questions
What is the 50/30/20 rule?
A simple budgeting method: 50% of net income for needs (rent, groceries, bills), 30% for wants (leisure, going out), 20% for savings and debt repayment. Popularised by Senator Elizabeth Warren.
Which income should I use?
Your net income, i.e. what actually lands in your account after taxes and contributions. Example: 3000 → 1500 needs, 900 wants, 600 savings.
What counts as “needs” and “wants”?
Needs are unavoidable expenses (housing, food, transport, insurance). Wants are pleasant extras (restaurants, leisure subscriptions, trips). When in doubt, ask whether you could go a month without it.
Can I adjust the percentages?
Yes. 50/30/20 is a guideline, not a rigid rule. In an expensive city, needs often exceed 50%; conversely, aim above 20% savings if you can. The tool lets you adjust all three percentages.