Split your monthly income into needs, wants, and savings using the 50/30/20 rule.
Results are estimates for information only, not financial or tax advice.
How it works
Needs = 50% of after-tax income, Wants = 30%, Savings and debt payoff = 20%. If you enter actual spending, the difference is actual minus recommended.
Frequently asked questions
What counts as needs?
Housing, utilities, groceries, insurance, minimum debt payments and transportation to work.
What counts as wants?
Dining out, streaming, travel, hobbies and other non-essentials.
Should I use pre-tax or after-tax income?
Use take-home (after-tax) income for the 50/30/20 rule.