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50/30/20 Budget Calculator
Split monthly take-home pay into needs, wants, and savings or extra debt payments. A useful first draft, with room for real life.
YOUR NUMBERS
Use what arrives after taxes and payroll deductions. This is a starting split you can adapt.
No signup required. Your calculator inputs stay on this page and are not saved.
YOUR MONTHLY STARTING POINT
50% · Needs$2,000.00
Housing, groceries, transport, essential bills.
30% · Wants$1,200.00
Dining out, entertainment, the extras you enjoy.
20% · Savings & extra debt payments$800.00
Future goals and payments above debt minimums.
How the calculation works
Needs = income × 50%. Wants = income × 30%. Savings and extra debt payments = what remains.
We round needs and wants to the nearest cent and put the remainder in the final bucket, so the three amounts always add up to your income.
Reference: CFPB: My spending rule to live by