What is the 50/30/20 budgeting rule?

The 50/30/20 rule allocates 50% of after-tax income to needs, 30% to wants, and 20% to savings and debt repayment. It is a simple framework for balanced financial health.

What is zero-based budgeting?

Zero-based budgeting assigns every dollar a purpose before the month begins, so income minus expenses equals zero. It gives you maximum control over where your money goes.

How much should I save each month?

A common target is 20% of after-tax income. If you are starting out, even 5-10% builds the habit. Use the calculator to see how different savings rates affect your goals.

All Calculators

Budget Calculator — Build Your 50/30/20 Budget

Build your budget with the simple 50/30/20 rule or go deep with zero-based budgeting across 12 categories.

Inputs

Monthly income after tax ($)

Needs (ref: 30-70%)50%

Wants (ref: 10-50%)30%

Savings & Debt (ref: 0-40%)20%

Results

Needs

$2,000.00

Wants

$1,200.00

Savings

$800.00

Savings rate

20%

Great job! A savings rate of 20% puts you on track for a strong financial future.

Your Budget vs 50/30/20 (outer ring = reference)

Needs
Wants
Savings
Needs
Wants
Savings

Budgeting Fundamentals

The 50/30/20 rule

Allocate 50% of after-tax income to needs, 30% to wants, and 20% to savings and debt. It's a simple framework that ensures you save consistently while still enjoying life. Learn more →

Zero-based budgeting

Assign every dollar a job before the month begins — income minus expenses should equal zero. This forces intentional spending and eliminates "mystery money" that slips away. Learn more →