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.
Plan your finances using the popular 50/30/20 budgeting rule: 50% for needs, 30% for wants, 20% for savings. Enter your monthly income and see exactly how much to allocate to each category. Customize the percentages if the standard split doesn't fit your situation.
How to Use
- 1Enter your monthly net income (after taxes)
- 2View the 50/30/20 breakdown automatically
- 3Adjust percentages if needed for your situation
- 4See examples of what fits each category
- 5Save or copy your budget breakdown