50/30/20 Budget Calculator
Split monthly after-tax income into needs, wants and savings or debt targets using a simple framework.
What would you like to do next?
Turn take-home income into three planning targets
Enter monthly income after tax and the calculator assigns half to needs, thirty percent to wants and twenty percent to savings or additional debt repayment. The three dollar amounts provide a fast starting point for reviewing a budget and make it easy to see how the framework changes when take-home pay rises or falls.
Adapt the framework to real obligations
The percentages are not approval limits or universal recommendations. High housing costs, minimum debt payments, irregular income, caregiving, insurance and local living costs can make a different allocation more realistic. Classify expenses consistently, protect required payments and essential coverage, and use actual account records before deciding what can move between categories.
Frequently asked questions
Which income should I enter?
Use the monthly amount available after taxes and payroll deductions relevant to your budget.
Where do extra debt payments belong?
They are commonly grouped with the 20 percent savings and debt target in this framework.
Must every budget follow these percentages?
No. They are a starting structure that should be adapted to actual obligations and priorities.