50/30/20 Budget

Try one common framework with your take-home pay.

Your numbers

Enter your numbers to see the result.

How 50/30/20 Budget works

Allocate 50% of take-home income to needs, 30% to wants and 20% to savings or extra debt payments. These are example allocations rather than a required budget.

A worked example

These sample values illustrate the calculation. Use your own numbers in the calculator for your result.

Example inputs

Monthly take-home pay: 3000

Needs example: $1,500.00
Wants example: $900.00
Savings or debt repayment example: $600.00

Assumptions and limits

Rates, fees and contribution schedules are the assumptions you enter. This estimate does not include changes you have not entered.

Educational estimate only. This is not personalized financial, investment or tax advice.