Finance
Budget 50/30/20 Calculator
Split after-tax income into needs, wants, and savings under the 50/30/20 rule.
Formula
Needs get 50% of income, wants 30%, and savings and debt repayment 20%.
How it works
This is a guideline, not a law — high housing costs can push needs above 50%, and the point is the balance, not hitting each number exactly. Adjust the split to your situation and track where money actually goes.
FAQs
What counts as a need?
Housing, food, utilities, transport to work, insurance, and minimum debt payments.
What counts as a want?
Dining out, streaming, holidays, and upgrades beyond the basics.
What if needs exceed 50%?
That is common in expensive cities — trim wants first, then look at housing over time.
Are these figures financial advice?
No — they are estimates for planning only, not financial advice. Check with a qualified adviser for decisions involving large sums.
Estimates only, not financial advice. Figures are approximate and do not include all fees, taxes, or changing rates unless stated.