50/30/20 Budget Calculator
Enter your monthly income and instantly see how much to allocate to needs, wants, and savings — the simplest budgeting framework that actually works.
Your Monthly Income
Enter your take-home (after-tax) monthly income.
What Is the 50/30/20 Rule?
Popularized by Senator Elizabeth Warren in All Your Worth, the 50/30/20 rule is the simplest budgeting framework that balances living well today with building for tomorrow.
Needs
Half your income goes to essentials: housing, food, utilities, insurance, minimum debt payments, and transportation. If needs exceed 50%, look for ways to reduce fixed costs.
Wants
Nearly a third for lifestyle: dining out, entertainment, subscriptions, shopping, and travel. These aren't guilty pleasures — they're part of a sustainable budget.
Savings & Debt
A fifth goes to your future: emergency fund, extra debt payments, retirement, and investments. This is where wealth is built and debt is crushed.
Learn More About Budgeting
Dive deeper into budgeting strategies and tips on our blog.
Budget Smarter,
Not Harder
Spendify tracks your spending against your budget targets automatically. See where every dollar goes.
