50/30/20 Budget Calculator
Split income into needs, wants, and savings using the 50/30/20 rule.
50/30/20 Budget Calculator
Split your income into needs, wants, and savings using the 50/30/20 rule.
Needs 50%Wants 30%Savings & Debt 20%
Needs50%
$2,500 /mo
$30,000 /year
Rent, utilities, groceries, insurance, minimum debt payments
Wants30%
$1,500 /mo
$18,000 /year
Dining out, entertainment, subscriptions, hobbies
Savings & Debt20%
$1,000 /mo
$12,000 /year
Emergency fund, retirement, investments, extra debt payoff
Total monthly income: $5,000|Annual: $60,000