50/30/20 Budget Planner

Instantly split your after-tax income into the optimal budget for Needs, Wants, and Savings.

Monthly After-Tax Income $
50% Needs
30% Wants
20% Savings
Needs 50%
$0
Maximum Recommended
  • Rent or Mortgage
  • Utilities & Internet
  • Groceries
  • Insurance & Health
  • Minimum Debt Payments
Wants 30%
$0
Maximum Recommended
  • Dining Out & Ordering In
  • Entertainment & Hobbies
  • Subscriptions (Netflix, Gym)
  • Travel & Vacations
  • Shopping & Apparel
Savings 20%
$0
Minimum Recommended
  • Emergency Fund
  • Retirement (401k, IRA)
  • Investments
  • Extra Debt Payoff
  • House Downpayment
Target vs. Actual Planner

Input your actual estimated spending to see how it compares to the 50/30/20 rule.

Actual Needs:
$
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Actual Wants:
$
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Actual Savings:
$
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What is the 50/30/20 Rule?

Popularized by Senator Elizabeth Warren in her book All Your Worth, the 50/30/20 rule is one of the most straightforward and effective budgeting frameworks ever created.

  • 50% Needs: Half of your after-tax income should cover your absolute necessities. These are the bills you must pay and the things necessary for survival. Note: Minimum debt payments fall into this category.
  • 30% Wants: This is your "fun money." It covers things that enhance your lifestyle but aren't strictly necessary to survive. Keeping this capped at 30% ensures you enjoy life without sacrificing your future.
  • 20% Savings & Debt Payoff: This segment builds your financial fortress. It includes building an emergency fund, investing for retirement, and any extra payments made toward debt to kill the principal faster.