50/30/20 Budget Calculator
The simple rule that makes budgeting actually work
💵 Your Income
$
After taxes and deductions
Annual Income
🏠
50%
Needs
per month
Housing/Rent
Utilities
Groceries
Transportation
Insurance
🎉
30%
Wants
per month
Dining Out
Entertainment
Shopping
Subscriptions
Hobbies
🎯
20%
Savings & Debt
per month
Emergency Fund
Retirement (401k/IRA)
Extra Debt Payments
Other Goals
Your Budget Breakdown
50%
30%
20%
Needs
Wants
Savings
📅 Annual Summary
Yearly Needs
Yearly Wants
Yearly Savings
10-Year Savings
How the 50/30/20 Rule Works
50% Needs
Essential expenses you can't avoid: rent, utilities, groceries, minimum debt payments, insurance, transportation to work.
30% Wants
Non-essentials that improve your life: dining out, entertainment, vacations, hobbies, streaming services, shopping.
20% Savings
Building your future: emergency fund, retirement accounts, extra debt payments, investment accounts, financial goals.
Need Help Sticking to Your Budget?
Learn proven strategies in our comprehensive budgeting guide.
Read the Budgeting Guide →