Plan your budget using the 50/30/20 rule: 50% needs, 30% wants, 20% savings.
Budget Calculator
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Enter your monthly take-home pay (after taxes).
Click Calculate to see your budget breakdown.
Allocate 50% to essentials (rent, food, utilities).
Reserve 30% for discretionary spending (entertainment, dining).
Put 20% toward savings, investments, or debt payoff.
The 50/30/20 rule is a simple budgeting framework recommended by financial advisors. It provides structure without requiring you to track every expense.
Needs are essentials: rent/mortgage, groceries, utilities, insurance, transportation, minimum debt payments.