Tool · Budget
50/30/20 budget calculator
50% of take-home goes to needs, 30% to wants, 20% to savings. The classic starting allocation — adjust if rent eats more than 50% or you're paying off high-interest debt.
Your numbers
Enter your monthly take-home pay (after taxes, 401(k), and benefits).
$
If you're paid biweekly, multiply one paycheck by 2.17 to get a monthly average.
Your 50/30/20 split
A starting allocation. Adjust if rent eats more than 50% of needs or if you're paying down high-interest debt.
- 50%Needs
- $2,500
- 30%Wants
- $1,500
- 20%Savings
- $1,000
$0$5,000
Where to park the 20% savings
Send the savings portion to a high-yield savings account so it actually earns interest. Top accounts today pay around 4–5% APY (your bank's default account pays about 0.4%).