Turn your monthly take-home income into a 50/30/20 needs, wants and savings plan instantly.
The calculator allocates take-home income into 50% needs, 30% wants and 20% savings or debt repayment.
Example
Example: $4,000 of monthly take-home income produces $2,000 for needs, $1,200 for wants and $800 for savings or debt under this template.
Is 50/30/20 realistic if I live somewhere with crazy-high rent?
Honestly, in a lot of high cost-of-living cities, "needs" can blow way past 50% on rent alone. Use this as a starting template, not gospel — if your needs run hot, you may have to squeeze the wants slice instead.
This calculator starts with the commonly used 50/30/20 framework: about 50% of take-home income for needs, 30% for wants, and 20% for savings and/or debt repayment.
Example: With $5,000 in monthly take-home income, the starting targets are $2,500 for needs, $1,500 for wants, and $1,000 for savings or debt repayment.
These are planning targets, not financial rules. Housing costs, debt, location, family needs and other circumstances can require a different allocation.
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