50/30/20 Budget Calculator
Enter your monthly take-home pay to see how the 50/30/20 rule splits it between needs, wants and savings. Adjust the percentages to fit high-cost areas or aggressive savings goals.
Frequently asked questions
What is the 50/30/20 rule?
Spend about 50% of after-tax income on needs, 30% on wants and put 20% toward savings and paying down debt beyond the minimums. It was popularized by Senator Elizabeth Warren's book All Your Worth.
What if my rent alone is over 50%?
In expensive cities, many people use 60/20/20 or 70/20/10. Keeping savings at a fixed percentage matters more than hitting the exact split.