Calculator

50/30/20 Budget Calculator

Enter your monthly after-tax income to see how to split it between needs, wants, and savings.

Needs 50% — rent, groceries, bills, insurance
$0
Wants 30% — dining out, entertainment, shopping
$0
Savings 20% — emergency fund, investments, debt
$0
Needs 50% Wants 30% Savings 20%

What is the 50/30/20 rule?

The 50/30/20 rule is a simple budgeting framework popularized by Senator Elizabeth Warren. It divides your after-tax income into three categories:

50% for Needs: Essential expenses you can't avoid — rent or mortgage, utilities, groceries, transportation, insurance, and minimum debt payments.

30% for Wants: Non-essential spending that improves your quality of life — dining out, entertainment, subscriptions, hobbies, and shopping.

20% for Savings: Money set aside for the future — emergency fund contributions, retirement savings, investments, and extra debt repayment beyond minimums.

Track your real 50/30/20 split

BucksBuddy automatically categorizes your spending so you can see how your actual habits compare.

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