Calculator

Budget Calculator

Apply the 50/30/20 rule of thumb to your take-home income as a starting point for a budget.

← Read the Budgeting concept page

Monthly take-home income

Needs (50%)

$2,000.00

Wants (30%)

$1,200.00

Savings & extra debt paydown (20%)

$800.00

How the math works

Needs (50%):    $2,000.00
Wants (30%):    $1,200.00
Savings (20%):  $800.00

These numbers are a starting point, not a rule — someone with unusually high fixed costs or aggressive savings goals might reasonably use very different percentages. What matters is having a deliberate split at all, and adjusting it once you compare it against your actual spending.