Calculate your budget using the popular 50/30/20 rule - allocate 50% to needs, 30% to wants, and 20% to savings
Your Income
Enter your monthly income to calculate your budget breakdown
Supports formats: 1234.56 or 1.234,56
Your Budget Breakdown
Enter your income to see your personalized budget breakdown
What is the 50/30/20 Rule?
The 50/30/20 budget rule is a simple method to manage your money. It divides your after-tax income into three categories to help you save while still enjoying life.
Budgeting Tips
- Track your spending for a month before budgeting
- Build an emergency fund of 3-6 months expenses
- Automate your savings transfers
- Review and adjust your budget monthly
- Pay yourself first - save before spending
Frequently Asked Questions
What if I can't save 20%?
Start with whatever you can - even 5% is progress. Adjust the percentages to fit your situation, then gradually increase savings as your income grows or expenses decrease.
What counts as 'needs' vs 'wants'?
Needs are essential expenses: housing, utilities, groceries, transportation to work, insurance, minimum debt payments. Wants are everything else: dining out, subscriptions, hobbies, vacations.
Should I use gross or net income?
Use your net income (after taxes) for budgeting. This is the actual money you have available to allocate between needs, wants, and savings.