50/30/20 Budget Calculator

Split your take-home income into needs, wants and savings using the 50/30/20 rule, or your own split.

Needs

  • Rent or mortgage
  • Groceries
  • Utilities
  • Insurance
  • Minimum debt payments

Wants

  • Dining out
  • Streaming & subscriptions
  • Hobbies
  • Travel
  • Upgrades beyond the basics

Savings

  • Emergency fund
  • Retirement contributions
  • Extra debt payoff
  • Investing
  • Big-goal savings

About this calculator

The 50/30/20 rule splits after-tax income into needs (50%), wants (30%), and savings/extra debt payoff (20%) — a starting point, not a law.

Needs vs wants isn't always obvious

Be honest, not generous, when sorting an expense into needs vs wants — that's what makes the split useful.

Adjusting the percentages

If 50/30/20 doesn't fit your situation, change the percentages — they just need to add up to 100.