50/30/20 Budget Calculator
Split your after-tax income into needs, wants, and savings with the 50/30/20 rule.
Savings & debt payoff (20%)
$800.00
Breakdown
- Needs (50%)
- $2,000
- Wants (30%)
- $1,200
Last updated:
FAQ
What counts as a need?
Rent or mortgage, groceries, utilities, insurance, minimum debt payments — the things you must pay to live and work.
Is 50/30/20 a strict rule?
No, it is a starting template. In expensive cities needs often take 60% or more; adjust the ratios to your reality while protecting savings.
Where does extra debt payment go?
Beyond minimums, extra debt payments belong in the 20% bucket because they build net worth just like saving.
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