50/30/20 budget calculator
Enter your monthly take-home pay to see how much belongs to needs, wants and your future, then move the ratio until it matches your real life.
Savings and debt payoff take the remaining 20%.
Your monthly split
How to use the result
The needs figure is the ceiling for everything you cannot skip: housing, utilities, groceries, transport, insurance and minimum debt payments. If your real fixed costs exceed it, that gap is the most valuable number on this page, it tells you the problem is structural, not discretionary.
The wants figure is the part you can steer week to week. The savings and debt figure works best when it leaves your account on payday rather than at month end, because whatever is left at month end is usually less than you planned.
Where the percentages break down
Very high rent, a single income supporting several people, or irregular freelance earnings all push needs above 50%. In those cases keep the savings share intact if you possibly can and take the difference out of wants, the order in which you protect categories matters more than hitting the textbook ratio.
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Keep this plan going
FinRayan turns numbers like these into a running plan, with recurring items, monthly reviews and a written next step.
Save this in FinRayanCommon questions
- What is the 50/30/20 rule?
- Half of your take-home pay covers needs, 30% covers wants, and 20% goes to savings and debt payoff. It's a starting frame, not a law, adjust the percentages to fit your rent and income.
- Should I use gross or net income?
- Net, the amount that actually lands in your account after tax and deductions. Budgeting gross income overstates what you have to work with.
- What if my needs are already above 50%?
- That's common where housing is expensive. Lower the wants percentage rather than the savings one if you can, and treat the gap as information about fixed costs rather than a personal failure.