50/30/20 Budget Calculator

The 50/30/20 rule splits take-home pay into 50% needs, 30% wants and 20% savings and extra debt payments. It is a starting point, not a law.

Results

Needs target = 50% of take-home, wants = 30%, savings = 20%. Your actuals are shown as a share of take-home next to each target.

Gross or take-home pay?

Take-home, after tax and payroll deductions.

Is debt a need or savings?

Minimum payments are needs. Extra payments count toward the 20%.

My needs are over 50%. Now what?

Common in high-cost areas. Shift the split, such as 60/20/20, and work on the biggest fixed costs.

Estimates, not tax or financial advice. Check important numbers with a qualified professional.