50/30/20 budget calculator: a simple monthly budget
Split your take-home pay into needs, wants and savings with the popular 50/30/20 rule, then adjust it to fit your life.
Results are estimates to help you plan, not financial advice.
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Questions
What is the 50/30/20 rule?
A simple way to plan: about half of your take-home pay for needs, 30% for wants and 20% for savings and paying off debt faster.
What if my needs are more than 50%?
That is common where rent and power are high. Start where you are: trim wants first, and aim to save at least something every month, even 5%.
How do I stick to a budget?
Write down what you spend, check it weekly and pay yourself first. A free app like Prime Personal does the adding up for you.