50/30/20 Budget Calculator
50/30/20 Budget Calculator
Split your paycheck the simple way
$
%
Needs (50%)
0
rent, groceries, utilities, minimum debt payments
Wants (30%)
0
dining out, travel, entertainment
Savings & extra debt payoff (20%)
0
Equivalent pay in 10 years
0
to keep today's purchasing power
The 50/30/20 split is a starting guideline, not a rule -- high cost-of-living areas often need a larger needs share, and that is a normal adjustment to make, not a sign anything is wrong.