Budget Calculator
Plan your monthly budget by category and compare your spending to the 50/30/20 rule
Monthly Income
Enter your net (after-tax) monthly income
Monthly Expenses
Needs (essentials)
Wants (discretionary)
Savings & Investments
💰 Remaining
$5,000.00
Unallocated
🏠 Needs
$0
0% of income
🎬 Wants
$0
0% of income
🐷 Savings
$0
0% of income
Budget Allocation
Needs Wants Savings
50/30/20 Rule Comparison
The 50/30/20 rule suggests: 50% on needs, 30% on wants, 20% on savings.
🏠 Needs (50%)$2,500 under
Your: $0 (0%)|Target: $2,500 (50%)
🎬 Wants (30%)$1,500 under
Your: $0 (0%)|Target: $1,500 (30%)
🐷 Savings (20%)$1,000 under
Your: $0 (0%)|Target: $1,000 (20%)
💡 About the 50/30/20 Budget Rule
- • 50% Needs: Rent, utilities, groceries, insurance, transportation, minimum debt payments
- • 30% Wants: Dining out, entertainment, hobbies, vacations, subscriptions
- • 20% Savings: Emergency fund, retirement, investments, extra debt payments
- • Use your take-home (net) pay, not gross income
- • Adjust the rule to fit your situation - it's a guideline, not a strict rule