50/30/20 Budget Planner
The 50/30/20 budget rule is a simple financial guideline that allocates your after-tax income across three categories: 50% for needs, 30% for wants, and 20% for savings and debt repayment.
Create a balanced budget using the 50/30/20 rule. Enter your income and expenses to see how your spending compares to this proven budgeting method.
Monthly Income
$
Needs (50% Recommended)
Essential expenses you can't avoid
$
$
$
$
$
$
$
Wants (30% Recommended)
Discretionary spending for lifestyle and enjoyment
$
$
$
$
$
$
$
Savings & Debt Payoff (20% Recommended)
Building your future and paying down debt
$
$
$
$
$
Your Budget Analysis
Monthly Income
$0
Total Expenses
$0
Surplus/Deficit
$0
50/30/20 Rule Comparison
Needs
Current: $0
Recommended: $0
0%
Wants
Current: $0
Recommended: $0
0%
Savings
Current: $0
Recommended: $0
0%
Budget Recommendations
Enter your income and expenses above to see personalized recommendations.