Budget Calculator (50/30/20 Rule)

Plan your budget using the 50/30/20 rule. Split income into needs, wants, and savings.

$
Budget Method

Needs (50%)

$2,500.00

Wants (30%)

$1,500.00

Savings (20%)

$1,000.00

Needs — $2,500.00

  • - Housing
  • - Groceries
  • - Utilities
  • - Transportation
  • - Insurance
  • - Minimum loan payments

Wants — $1,500.00

  • - Dining out
  • - Entertainment
  • - Shopping
  • - Subscriptions
  • - Hobbies
  • - Travel

Savings — $1,000.00

  • - Emergency fund
  • - Retirement (401k/IRA)
  • - Investments
  • - Extra debt payments
  • - Savings goals

Your Budget vs US Average

Needs — Your Budget50%
Needs — US Average55%
Wants — Your Budget30%
Wants — US Average30%
Savings — Your Budget20%
Savings — US Average15%

Use the Budget Calculator (50/30/20 Rule) above to calculate your results. Enter your values and see instant results — all calculations run in your browser.

Disclaimer: This calculator is for informational purposes only and does not constitute tax, financial, or legal advice. Results are estimates based on the information you provide and current rates. Always consult a qualified tax professional or financial advisor for advice specific to your situation.

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