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50/30/20 Budget Calculator

Type your income. Get your personalized budget breakdown instantly — with sub-categories and savings projections.

Your Monthly Budget

Adjust sliders to customize your split. Results update live.

Savings % (auto-calculated): 20%

The 50/30/20 Rule Explained

Developed by US Senator Elizabeth Warren and popularized in All Your Worth, the 50/30/20 rule divides your after-tax income into three buckets. Simple, flexible, and proven to work.

50%
Needs
  • Rent or mortgage
  • Utilities
  • Groceries
  • Insurance
  • Minimum debt payments
30%
Wants
  • Dining out
  • Streaming
  • Hobbies
  • Travel
  • Clothing extras
20%
Savings
  • Emergency fund
  • 401(k) / IRA
  • Extra debt payments
  • Investments
High cost-of-living adjustment

If you live in NYC, SF, or another expensive city and rent alone exceeds 50%, adjust to 60/20/20 temporarily. Never cut savings below 10%.