Budget Calculator

Plan your monthly budget using the 50/30/20 rule or customize your own allocation between needs, wants, and savings.

Monthly Income & Allocation

Enter your monthly income and adjust your budget allocation

Monthly Income After Tax

Needs (50%)$2500.00

Housing, groceries, utilities, transportation, insurance, etc.

Wants (30%)$1500.00

Dining out, entertainment, shopping, subscriptions, etc.

Savings (20%)$1000.00

Emergency fund, retirement, investments, debt repayment, etc.

Budget Tips

The 50/30/20 rule suggests allocating 50% of your income to needs, 30% to wants, and 20% to savings.

Aim to save 3-6 months of expenses in an emergency fund before focusing on other financial goals.

Consider allocating more to savings if you're paying off high-interest debt as part of your savings strategy.