50/30/20 Budget Rule Calculator
Apply the popular 50/30/20 rule to allocate your income across needs, wants, and savings.
Calculation Inputs
Calculation Results
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Enter inputs on the left and click Calculate to view results.
Formula & Methodology
Needs = Income × 50%; Wants = Income × 30%; Savings = Income × 20%
The 50/30/20 rule, popularized by Elizabeth Warren, is a simple framework for sustainable budgeting.
Frequently Asked Questions
What counts as a need vs want?
Needs: housing, utilities, groceries, minimum debt payments, insurance. Wants: dining out, streaming, hobbies, vacations.