Budget Planner (50/30/20)
The 50/30/20 rule splits your after-tax income into needs, wants and savings — a simple, proven starting point for taking control of your money.
Income Details
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Saved in a year
$12,000
If you consistently save the 20%, that's what you'll set aside over 12 months.
50/30/20 is a guideline, not a rule. High cost-of-living areas may need more for needs; adjust the mix to your reality.
Quick guide
How to use the Budget Planner Calculator
Create a budget using the proven 50/30/20 rule. Allocate 50% for needs, 30% for wants, and 20% for savings to take control of your finances.
- Enter your monthly income after taxes
- See your budget automatically divided by the 50/30/20 rule
- Review the needs allocation (50%) for essentials
- Check your wants budget (30%) for non-essentials
- Plan your savings and debt payments (20%)