Budget Planner Calculator
Create a balanced budget using the 50/30/20 rule. See exactly how your income should be divided across needs, wants, and savings.
Monthly Allocations
Needs
$2,750
50%
Wants
$1,650
30%
Savings
$1,100
20%
Housing % of Income
27.3%
Debt % of Income
5.5%
Remaining Needs Budget
$950
After housing & debt from your Needs allocation
Budget Allocation Breakdown
Monthly Budget
Income
Essential expenses you can't avoid (Target: 50%)
Monthly Income
$0
Total Spending
$0
Total Savings
$0
Net Cash Flow
$0
Savings Rate
0%
50/30/20 Analysis
Budget may need adjustment
Review the observations below for areas to consider adjusting.
Budget Distribution
Needs: 50% · Wants: 30% · Savings: 20%
Top Expenses
Observations
Enter Your Income
Add your income sources to see your budget analysis and observations.
The 50/30/20 Rule Explained
50% — Needs
Essential expenses you must pay: housing, utilities, groceries, transportation, insurance, minimum debt payments, and healthcare. These are non-negotiable costs required for basic living.
30% — Wants
Discretionary spending that improves quality of life: dining out, entertainment, hobbies, subscriptions, shopping, and travel. These are things you enjoy but could live without if necessary.
20% — Savings
Building your financial future: emergency fund, retirement accounts, investments, extra debt payments, and savings goals. This category supports long-term financial stability.
About This Analysis
This calculator provides estimates based on the inputs you supply. It assumes standard amortization and does not account for taxes, insurance, PMI, prepayment penalties, or the opportunity cost of funds. Results are for informational and educational purposes only and should not be considered financial advice. Consult a qualified professional before making financial decisions.
- ·The 50/30/20 guideline is one of many budgeting frameworks and may not suit all income levels.
- ·Actual categorization of expenses may vary by individual circumstances.
Related Resources
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Also Consider
Quick Reference
- 50/30/20 Budget GuidelinesNeeds/wants/savings breakdown with examples
- Cost of Living by CityComparison of major US metros
- Inflation Rate HistoryCPI trends, purchasing power over time
- Emergency Fund Guidelines3 vs 6 vs 12 months — who needs what
- High-Yield Savings RatesCurrent top rates for savings accounts
- CD Rates & TermsCurrent rates by term length
Insights
3 calculators · 6 reference pages