Personal Finance / 50/30/20 Budget Planner
Guide
How to use the 50/30/20 Budget Planner
- 1
Enter your monthly take-home income.
- 2
Enter what you currently spend on needs and wants.
- 3
Compare with the 50/30/20 targets.
Expert tip
What you should know
The 50/30/20 rule is a starting point, not a law. In expensive cities needs often exceed 50%; then cut wants first and keep at least something going to savings every month.
FAQ
Frequently asked questions
What counts as a need?+
Housing, utilities, groceries, transport to work, insurance and minimum debt payments. Everything else is a want.
You might also like
More Personal Finance tools →Compound Interest Calculator
See how savings grow with compounding and regular contributions.
SIP / Monthly Investment Calculator
Future value of a monthly investment plan, with optional yearly step-up.
Savings Goal Calculator
How much to save each month to reach a goal by a date.
Tip & Bill Split Calculator
Tip amount and each person’s share in one go.
Inflation Calculator
What money will be worth, or needs to be, after inflation.
Retirement Calculator
Will your savings last? Projected pot and a sustainable monthly income.
Credit Card Payoff Calculator
How long to clear your balance and how much interest you’ll pay.
Loan EMI Calculator
Monthly instalment, total interest and a full amortisation schedule.