Split monthly take-home pay into 50% needs, 30% wants, and 20% savings or debt payoff.
50/30/20 budget calculator
Income
Use our paycheck calculator if you only know gross pay.
Results
What is the 50/30/20 rule?
It’s a simple budgeting framework popularized by Senator Elizabeth Warren: about half of after-tax income for essentials, about 30% for lifestyle spending, and about 20% for saving or paying down debt. Adjust the buckets if your rent is high or you’re attacking expensive debt.