How this calculator works & sources ↓
See your take-home pay broken into needs, wants, and savings using the 50/30/20 rule — adjust the split to fit your life.
Switching region updates the currency — every number stays fully editable.
Split your take-home pay into needs, wants, and savings — using the 50/30/20 rule as a starting point, not a rule you have to follow exactly.
How your pay is split
Currently allocating 100% of your take-home pay.
Want to turn this into a full plan? Grab the free Budgeting Checklist — a checklist plus 3 worksheets to put these numbers to work.
Get the free checklist →It's a simple budgeting guideline popularized by Senator Elizabeth Warren in her book "All Your Worth" — not a strict law, just a sensible starting split for take-home pay.
Needs are the things you'd struggle without — rent or mortgage, utilities, groceries, minimum debt payments, transport to work. Wants are everything that makes life nicer but isn't essential — dining out, subscriptions, hobbies, travel.
Common in high cost-of-living areas — try flexing the split (e.g. 60/20/20) rather than forcing an unrealistic budget, or look for ways to reduce fixed costs like housing.
Grab the free Budgeting Checklist below — a checklist plus 3 fill-in worksheets, delivered straight to your inbox.
Adds the income and spending amounts you enter to show an illustrative monthly balance. No statutory rates are used.
Sources and further reading: Uses the inputs you provide and the calculation assumptions described above.