TOTAL EXPENSES
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SURPLUS
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SAVINGS RATE
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50/30/20 Comparison
How the Budget Calculator Works
1
Enter Income
Your monthly take-home pay after taxes.
2
Add Expenses
Fill in housing, food, transport, and other costs.
3
See Results
Get your surplus, savings rate, and 50/30/20 breakdown.
What Is the 50/30/20 Rule?
The 50/30/20 rule is a simple budgeting framework that divides your after-tax income:
- 50% Needs – housing, food, transport, insurance
- 30% Wants – entertainment, dining out, shopping
- 20% Savings – emergency fund, investments, debt payoff
Use it as a guideline – adjust the percentages based on your cost of living and financial goals.
Frequently Asked Questions
Use your net (take-home) pay – the amount deposited into your account each month after taxes and deductions.
In the 50/30/20 framework, debt repayment (beyond minimums) is typically counted under savings, since it builds your net worth.
20% is a common benchmark. If you’re debt-free with low housing costs, aim higher. The key is consistency over perfection.