Monthly

50/30/20 Budget Calculator

The 50/30/20 rule is a common budgeting method that splits your monthly income among three main categories: needs, wants, and savings/investing. Here’s an example: If you make $8,500 each month after taxes, $4,250 should go toward necessities, $2,550 for wants and $1,700 for savings and investments.

Plug in your monthly after-tax income into the free budget calculator below to break down your 50/30/20 game plan — so you can spend, save, and invest smarter.

50/30/20 Budget Calculator

Enter your monthly after-tax income:

  • Fixed Expenses (50%)

    These are your non-negotiable costs—your foundation. Think rent/mortgage, utilities, insurance, and debt repayments such as; car note, and student loans. They’re predictable and steady, but make sure they don’t take up more than half of your monthly income.

  • Variable Expenses (30%)

    The flexible part of your budget, where you get to live a little! This includes everything from dining out, entertainment, shopping, and travel. While these costs can change month-to-month, they’re where you can optimize and free up more for savings.

  • Saving/Investing (20%)

    The wealth-building zone. This is where you prioritize long-term growth, from building an emergency fund to investing for the future. (i.e. 401K, ROTH IRA, high yield savings).