50 30 20 Budget Calculator
The 50/30/20 rule keeps money simple: half of your income for needs, 30 percent for wants, and 20 percent for savings. Enter your salary to get your targets and compare them with what you actually spend each month.
How to use
- Enter your monthly take-home income.
- The targets will show instantly: 50% needs, 30% wants, 20% savings.
- If you enter your actual needs and wants spending, you will also see the difference from the target.
- Try to keep your spending within these limits every month.
Note
Needs include rent, bills, groceries, transport, and minimum loan payments. Wants include eating out, shopping, and entertainment. This rule is a starting guideline — in expensive cities, needs can be more than 50%.
Frequently Asked Questions (FAQ)
What is the 50 30 20 budget rule?
A budgeting guideline that splits take-home income into 50% needs, 30% wants and 20% savings. Enter your monthly income and the calculator shows each target instantly.
What counts as needs and wants?
Needs include rent, bills, groceries, transport and minimum loan payments. Wants include eating out, shopping and entertainment.
How does the spending comparison work?
Enter your actual needs and wants spending to see how far each is from its target, plus the income left after your actual spending.
What if my needs are already more than 50%?
That is common in expensive cities. The rule is a starting guideline, so treat the 50% needs target as a goal and trim wants first before judging the plan.