50/30/20 Rule Calculator
Calculate your ideal budget breakdown based on the 50/30/20 Rule. Enter your monthly income to see how much you should allocate to needs, wants, and savings.
How to Use This Calculator
Step 1: Enter your monthly after-tax income (your take-home pay after taxes and deductions).
Step 2: Review the automatically calculated amounts for needs (50%), wants (30%), and savings (20%).
Step 3: Adjust the percentage sliders if your situation requires different allocations. Common variations include 60/20/20 for high cost-of-living areas or 50/20/30 for aggressive debt payoff.
Step 4: Use these target amounts to guide your monthly spending and saving decisions.
Want to understand the methodology better? Read the complete guide on the 50/30/20 rule for detailed explanations, examples, and implementation strategies.
Quick Reference: Budget Categories
Needs (50%): Housing, utilities, groceries, transportation, minimum debt payments, healthcare, childcare
Wants (30%): Dining out, entertainment, hobbies, vacations, subscriptions, non-essential shopping
Savings (20%): , retirement contributions, extra debt payments, investments