50/30/20 Budget Calculator

Apply the 50/30/20 rule to your income: 50% needs, 30% wants, 20% savings.

Your Income

Monthly After-Tax Income

Needs (50%)$3,000.00

Housing, utilities, groceries, insurance, minimum payments

Wants (30%)$1,800.00

Dining out, entertainment, hobbies, subscriptions

Savings (20%)$1,200.00

Emergency fund, retirement, debt payoff beyond minimums