Simple 50/30/20 Budget Calculator
Breakdown:
Needs: $0
Wants: $0
Savings: $0
Optimize Your Budget with the 50/30/20 Rule
This free budget calculator will structure your finances according to the 50/30/20 rule. By entering your monthly after-tax income, you can see a recommended budget breakdown into three categories:
50% for Needs: Essential living expenses such as rent or mortgage, utilities, groceries, and transportation.
30% for Wants: Discretionary spending on dining out, entertainment, and hobbies.
20% for Savings and Debt Repayment: Allocations towards savings, emergency funds, retirement accounts, and paying off debt.