What is the 50/30/20 rule?

The 50/30/20 rule suggests allocating 50% of after-tax income to needs (housing, food, utilities), 30% to wants (entertainment, dining out), and 20% to savings and debt repayment.

How is savings rate calculated?

Savings rate is calculated as (remaining budget / total income) × 100. A higher savings rate means you're keeping more of your income for future goals.

Can I export my budget?

Yes, click "Export as Text" to download a plain text file with your complete budget breakdown, including the 50/30/20 analysis.

Budget Planner

Plan your monthly budget with the 50/30/20 rule. Visualize spending with a donut chart and track your savings rate.

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Monthly Income ($)

Expenses

Total Expenses

$3,500.00

Remaining

$1,500.00

Savings Rate

30.0%

50/30/20 Rule Guide

Needs (50%)51.0% (over by 1.0%)

Wants (30%)9.0% ✓

Savings (20%)10.0% (under by 10.0%)

Spending Breakdown

Housing (rent/mortgage)

Groceries

Transportation

Utilities

Insurance

Dining out

Entertainment

Shopping

Emergency fund

Retirement (401k/IRA)

Frequently Asked Questions

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