The 50/30/20 rule splits take-home pay into 50% for needs, 30% for wants and 20% for savings and extra debt payments. Enter your income to get your targets.
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How this calculator works
Your after-tax income is multiplied by 50%, 30% and 20%. The weekly "wants" figure divides the monthly amount by 4.33 weeks so you can manage day-to-day spending.
Frequently asked questions
What if my needs are more than 50%?
That is common in high-cost cities. Try 60/20/20 and reduce wants first, rather than giving up savings entirely.
Should I use gross or net income?
Use take-home (net) pay — the money that actually reaches your bank account.