50/30/20 Rule Calculator

Your details

Standard mode: enter after-tax income and get budget targets. Reverse mode: enter a fixed needs amount and find the minimum income that keeps needs at 50%.
Your take-home pay after all taxes and mandatory deductions, per month.
Your real monthly spending on needs: housing, utilities, groceries, transport, insurance, childcare. Leave at 0 to skip the comparison.
Your real monthly spending on wants: dining out, subscriptions, entertainment, hobbies. Leave at 0 to skip.
Your real monthly savings and extra debt payments: retirement contributions, emergency fund, credit card payoff. Leave at 0 to skip.
Currency
Target needs (50%)Budget targets set
$2,000.00

Half your income goes to essential, unavoidable expenses.

Target wants (30%)$1,200.00
Target savings (20%)$800.00

On a $4,000 monthly take-home, the 50/30/20 rule sets clear targets for every dollar.

  • Needs target: $2,000 per month - think rent, utilities, groceries, transport and essential insurance.
  • Wants target: $1,200 per month - dining out, hobbies, streaming, anything enjoyable but skippable.
  • Savings and debt target: $800 per month - this includes retirement contributions, emergency fund top-ups and extra debt payments.

Next stepTrack actual spending for one month and re-enter it here to see which category drifts furthest from the target.

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