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50/30/20 Budget Calculator

Our 50/30/20 Budget Rule Calculator provides an uncomplicated way to organize your personal and household budget.

Calculate Your 50/30/20 Budget

Enter your net income and frequency below to see your starting allocations:

  • Needs: 50%
  • Wants: 30%
  • Savings: 20%

Feel free to adjust these splits to match your personal goals.

50/30/20 Budget Calculator
Name
Name
$
Net Income is also known as "Take Home," "After Tax" or "Paycheck" income (as opposed to Gross Income)
How often do you expect to receive this income?
If selecting 'Other' please insert only a number.

Your Recommended MONTHLY 50/30/20 Budget Allocations

$0.00

$

$0.00

$

$0.00

$
  • Housing & Utilities
  • Good
  • Clothing
  • Transportation
  • Phone & Internet
  • Debt Repayments
  • Entertainment
  • Dining out
  • Splurges & Shopping
  • Spontaneity
  • Save for Gifts (birthdays, holidays, events)
  • Save for Vacations & Travel
  • Save for Appliances
  • Save for Next Vehicle (and Repairs)
  • Save for Down Payment
  • Save for Emergencies
  • Invest in Retirement Plans (401k, 403b, IRA)
  • Invest in College Savings (529, Coverdell)

The percentage fields below are adjustable.

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%
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Additional Assistance Is Available
Please contact me about a program (not a loan) to pay down my consumer debts FASTER, and at LOWER interest rates with my same creditors, and generally at LOWER monthly payments in 5 years or less. As a 501(c)3 nonprofit credit counseing agency, we have helped tens of thousands of consumers annually since our founding in 1996.

About the 50/30/20 Calculator

Our free 50/30/20 budget calculator applies the practical and efficient 50/30/20 rule—popularized by Elizabeth Warren in her book All Your Worth—to help you divide your after-tax income into needs, wants, and savings. Adjust the default percentages as needed to create a personalized budget that supports your unique financial goals.

Next Steps After Calculating

1

Review Your Results

Double-check your allocations and identify areas where you can optimize spending.

2

Adjust & Iterate

Tweak the percentages or re-run the calculator as your situation changes over time.

3

Get Personalized Help

If you’d like deeper guidance or a full financial plan, our certified counselors are ready to assist.

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Calculator FAQs

What is the 50/30/20 rule?
The 50/30/20 rule is a budgeting guideline that allocates 50% of after-tax income to essentials (needs), 30% to discretionary spending (wants), and 20% to savings.
Can I adjust the default percentages?
Yes—while 50/30/20 is a solid starting framework, you can tweak each percentage to better suit your financial goals or lifestyle.
How accurate are the calculator results?
Our calculator uses industry-standard formulas to estimate allocations. For a fully personalized plan, consider consulting a certified counselor.
Do I need to create an account?
No login or registration is required—simply enter your figures and get instant results whenever you need them.
How often should I use the calculator?
We recommend running the calculator whenever your income or expenses change significantly—such as after a raise, new job, or change in household costs.

Explore Other Calculators

Looking to plan other areas of your finances? Check out our full suite of budget calculators.

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