50/30/20 Budget Calculator
Enter your monthly take-home pay (after tax and deductions). The calculator splits it into 50% for needs, 30% for wants and 20% for savings, or any split you prefer.
- Needs50%$2,000
- Wants30%$1,200
- Savings20%$800
Saved per year: $9,600
Turn this split into a budget that tracks itself.
Build your budget free in CashyHow the 50/30/20 rule works
- Needs (50%): rent, groceries, utilities, transport, insurance and minimum debt payments.
- Wants (30%): eating out, shopping, trips, entertainment and subscriptions you could live without.
- Savings (20%): emergency fund, savings goals, investments and extra debt payments.
50/30/20 budget FAQs
Is the 50/30/20 rule based on gross or net salary?
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Net. Use your take-home pay, the amount that actually lands in your account after tax, social insurance and other deductions.
What if my needs are more than 50%?
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That’s common where rent is high. Try 60/20/20 or 70/20/10 with the buttons above. The goal is to keep some savings every month, even if the split isn’t perfect yet.
Do debt payments count as needs or savings?
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The minimum payment is a need. Anything you pay above the minimum to clear the debt faster counts toward the 20% savings part.
How do I stick to the split during the month?
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Set a budget for each part and log your spending as you go, so you see when wants are close to their limit before they eat into savings.