Finance Calculators
50/30/20 Budget Planner
Enter your monthly take-home income to see suggested spending limits for needs, wants, and savings using the 50/30/20 rule.
$2,250
Needs (50%)
$1,350
Wants (30%)
$900
Savings/debt (20%)
Based on the popular 50/30/20 budgeting rule: 50% essentials (rent, groceries, utilities), 30% discretionary spending, 20% savings or debt payoff.
How to use this tool
- 1Enter your monthly take-home income.
- 2See the suggested split across needs, wants, and savings.
- 3Enter your actual spending to compare.
Frequently asked questions
What is the 50/30/20 rule?+
A budgeting guideline: 50% of income to needs, 30% to wants, and 20% to savings and debt repayment.