Calculate Budget

What is the 50/30/20 rule?

 The 50/30/20 rule divides your monthly after-tax income into three categories:

• 50% for needs: Essential expenses like housing, food, transportation, utilities, and insurance.
• 30% for wants: Non-essential expenses such as travel, entertainment, and dining out.
• 20% for savings and debt: Savings for the future, paying off debt, emergency funds, and retirement contributions.

How to use the 50/30/20 budget calculator?

• Just input your monthly after-tax income and you will get the results below.