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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.
50/30/20 Budget Details
$5,000
$
$2,400
$
$1,200
$
$800
$
Results
LiveTarget Savings (20%)
$1,000
Target Needs (50%)$2,500
Target Wants (30%)$1,500
Savings Gap (target minus actual)$200
Target Needs (50%)$2,500
Target Wants (30%)$1,500
Target Savings (20%)$1,000
How to use
Change one assumption at a time to see what moves the answer most.
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
🗺️
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