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Budget Calculator

Build your budget using the proven 50/30/20 rule

$2,500
50% Needs
$1,500
30% Wants
$1,000
20% Savings
50% Needs30% Wants20% Savings

Enter your actual spending in each category below to see how you compare to the 50/30/20 target:

🏠 Needs — Essential Expenses

$2,500/mo
recommended
Housing (rent/mortgage)$1,500 rec
Food & Groceries$500 rec
Utilities$250 rec
Transportation$400 rec
Insurance$250 rec
Minimum Debt Payments$250 rec

🎉 Wants — Lifestyle Expenses

$1,500/mo
recommended
Dining Out$400 rec
Entertainment$250 rec
Shopping$350 rec
Subscriptions$150 rec
Hobbies$350 rec

💰 Savings & Debt Payoff

$1,000/mo
recommended
Emergency Fund$250 rec
Retirement / 401(k)$400 rec
Extra Debt Payments$200 rec
Investments$150 rec

💡 Personalized Insights

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The 50/30/20 rule is a guideline, not a rigid rule. Adjust based on your income, debt, and goals. For educational purposes only.