50/30/20 Budget Calculator
Apply the popular 50/30/20 budgeting rule to your finances. Split your after-tax income into three categories: Needs (50%), Wants (30%), and Savings & Debt Repayment (20%).
What is the 50/30/20 rule?
Popularised by Senator Elizabeth Warren in her book All Your Worth, the 50/30/20 rule is a simple budgeting framework. 50% of your income goes to Needs — rent, utilities, groceries, insurance. 30% goes to Wants — dining out, entertainment, travel. 20% goes to Savings — investments, emergency fund, debt repayment above minimums. This framework is flexible enough to adapt to any income level while ensuring you save consistently.
50/30/20 Budget Calculator — Free Personal Finance Tool
Free 50/30/20 budget calculator. Split your income into Needs (50%), Wants (30%), and Savings (20%). Supports USD, GBP, EUR, and INR.
Monthly Income$5,000
Needs (50%)$2,500Rent, bills, groceries, insurance
Wants (30%)$1,500Dining, entertainment, travel
Savings (20%)$1,000Investments, debt payoff, emergency fund
Budget Breakdown
50% Needs
30% Wants
20% Savings