50/30/20 Budget Calculator — The Simplest Budget That Works
Split your income into 50% needs, 30% wants, and 20% savings. See exactly where your money should go — and the gap between target and reality.
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Coach Insight
The 50/30/20 rule is the most practical budgeting framework for most people. It is simple enough to stick with but rigorous enough to build wealth. The 20% savings category is where financial independence begins.
Frequently Asked Questions
Everything you need to know.
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Why This Matters
The 50/30/20 rule is the most practical budgeting framework for most people. It is simple enough to stick with but rigorous enough to build wealth. The 20% savings category is where financial independence begins.
How to Use It
- 1Enter your monthly take-home income
- 2Enter what you actually spend on needs, wants, and savings
- 3See your target vs actual for each category
- 4Find the gap — especially in the 20% savings bucket
Find the best account for this goal
Money Map matches your numbers to the strongest available accounts in 90 seconds.
Ready to take the next step?
Compare rates, run Money Map, or explore the full SwitchWize toolkit.