50/30/20 Budget Calculator
Apply the 50/30/20 budget rule to your income. Allocate 50% to needs, 30% to wants, and 20% to savings. Customizable percentages.
Custom Split (must total 100%)
The 50/30/20 Budget Rule
Popularized by Senator Elizabeth Warren, the 50/30/20 rule suggests dividing after-tax income into three categories: 50% for needs, 30% for wants, and 20% for savings and debt repayment.
Categories
- Needs (50%): Housing, food, utilities, insurance, transport
- Wants (30%): Dining, entertainment, shopping, subscriptions
- Savings (20%): Emergency fund, retirement, debt payoff
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