Budget Calculator (50/30/20 Rule)

Split your after-tax income into Needs (50%), Wants (30%), and Savings (20%) — the simplest budget framework used by financial planners worldwide.
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See exactly how to allocate every dollar with the 50/30/20 rule

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How the 50/30/20 Budget Works

1

50% — Needs

Housing, utilities, groceries, transportation, insurance, and minimum debt payments. These are expenses you can't avoid.

2

30% — Wants

Dining out, entertainment, shopping, hobbies, and travel. The money that makes life enjoyable.

3

20% — Savings

Emergency fund, retirement accounts (401k/IRA), investments, and extra debt payoff. Build your future.

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