50/30/20 Budget Calculator
The 50/30/20 budget is a simple way to allocate after-tax income: about half to needs, 30% to wants, and 20% to savings and debt payoff. Adjust the splits if your situation calls for it, then use the comparison view to see where your real monthly spending differs.
Calculator
Basic Inputs
Use monthly take-home pay so the buckets match money you actually have available.
Advanced Inputs (Optional)
Current monthly spending comparison
Enter all three values to compare your current spending against the recommended split.
Needs (50%)
$3,250
Housing, utilities, minimum debt, insurance basics.
Wants (30%)
$1,950
Dining out, hobbies, subscriptions, flexible spending.
Savings (20%)
$1,300
Emergency fund, retirement, extra debt paydown.
Recommended Allocation Mix
Recommended vs Current Spending
Enter all three optional current-spending values to enable this chart.
Comparison vs Current Spending
Add current spending values to see over/under indicators and suggested monthly adjustments.
Common Questions