50/30/20 Budget Calculator
Split take-home pay into needs, wants and savings.
Enter your values
Results update instantly as you type — no submit needed.
Results
- Recommended savings
- $840.00
- Actual savings left
- $800.00
- Needs budget (50%)
- $2,100.00 — you spend $2,300.00
- Wants budget (30%)
- $1,260.00 — you spend $1,100.00
- Savings rate
- 19%
Working
- 1You are $40.00 short of the 20% target.
Quick answer
The 50/30/20 rule allocates 50% of take-home pay to needs, 30% to wants and 20% to savings and debt repayment.
Needs 50% · Wants 30% · Savings 20%
How to use the 50/30/20 Budget Calculator
- 1Enter your monthly pay after tax.
- 2Add what you actually spend on needs and wants.
- 3Compare against the 50/30/20 targets.
Frequently asked questions
What counts as a need?
Housing, utilities, groceries, insurance, transport to work and minimum debt payments — anything you cannot skip without serious consequences.
Is 20% savings realistic?
It is a target, not a rule. In high-cost cities many people run closer to 60/30/10 and increase savings as income grows.