50/30/20 Budget Calculator
Apply the 50/30/20 rule to your monthly income — see your spending targets instantly, nothing leaves your browser.
This is for informational purposes only and is not financial advice.
What is the 50/30/20 rule?
The 50/30/20 rule is a simple budgeting framework popularised by Senator Elizabeth Warren in her book All Your Worth. It divides your monthly after-tax income into three buckets: 50% for needs (rent, groceries, utilities), 30% for wants (dining out, entertainment, subscriptions), and 20% for savings and debt repayment.
These percentages are guidelines, not rigid rules. High-cost-of-living cities may push needs above 50%; aggressive savers may push savings above 20%. Use this as a starting point and adjust to your situation.
FAQ
Does the 20% savings include debt repayment? Yes — minimum debt payments fall under needs; anything above the minimum can count toward the savings bucket.
Should I use gross or net income? Use your take-home (after-tax) income, not your gross salary.
Is my data sent anywhere? No — all calculations happen locally in your browser.