50/30/20 Budget Calculator

The 50/30/20 rule splits your take-home pay into needs, wants, and savings — a simple starting budget.

Your details

Monthly after-tax income$

Needs (50%)

$2,500.00

Wants (30%): $1,500.00
Savings (20%): $1,000.00

50 / 30 / 20 split

Needs (50%): $2,500.0050%
Wants (30%): $1,500.0030%
Savings (20%): $1,000.0020%

Needs (50%)$2,500.00

Formula

Needs = 50%, wants = 30%, savings & debt payoff = 20% of monthly after-tax income.

Sources & methodology

•CFPB — budgeting — CFPB

Last updated: 2026-07-20

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