50/30/20 Budget Calculator
Create a balanced budget using the popular 50/30/20 framework.
Your take-home pay after taxes and deductions
The 50/30/20 Rule
- 50% - Needs - Essential expenses you must pay
- 30% - Wants - Non-essential spending for enjoyment
- 20% - Savings - Pay yourself first for the future
Enter your income to see your budget breakdown
This budgeting framework, popularized by Senator Elizabeth Warren, provides a simple structure that balances current enjoyment with future security. It's flexible enough to adapt to most income levels.
If you can't hit these exact percentages, that's okay. Use them as targets to work toward. Many pursuing FIRE aim for 50%+ savings rate, but starting with 20% is a solid foundation.
- Unlimited calculation history
- AI-powered insights & suggestions
- Full dashboard with progress tracking
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For informational and educational purposes only. This calculator provides estimates based on the information you provide and general financial principles. Results are not guaranteed and should not be considered financial, investment, or tax advice. Please consult a qualified financial advisor for personalized recommendations.