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50/30/20 Budget Calculator

Plan your budget using the popular 50/30/20 rule.

$

The 50/30/20 rule recommends:

  • • 50% for Needs
  • • 30% for Wants
  • • 20% for Savings

Your Budget Breakdown

Needs (50%)$2,000

Housing, food, utilities, transportation, insurance

Wants (30%)$1,200

Dining, entertainment, hobbies, shopping

Savings (20%)$800

Emergency fund, retirement, investments

Total Income

$4,000

per month