50/30/20 Rule Personal Budget Calculator
Split your monthly after-tax income into 50% Needs, 30% Wants, and 20% Savings & Debt Repayment.
Calculation Inputs
Calculation Results
📊
Enter inputs on the left and click Calculate to view results.
Formula & Methodology
Needs = Income × 0.50; Wants = Income × 0.30; Savings = Income × 0.20
Elizabeth Warren's popular framework balances essential expenses, fun discretionary spending, and long-term financial security.
Frequently Asked Questions
What falls under Needs vs Wants?
Needs include rent/mortgage, utilities, groceries, healthcare, and debt minimums. Wants include dining out, travel, subscriptions, and hobbies.