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50/30/20 Budget Calculator

Type your monthly take-home pay to see your needs, wants and savings targets.

Your income

Your monthly targets

Needs$0
Wants$0
Savings + debt$0

Bundle: the 2027 Fresh Start Finance Bundle ($15) has the 2027 Annual Budget, 2027 Net Worth Tracker and Tax Document Organizer spreadsheets. Bought separately they are $22. Made with AI assistance.
Turn the targets into a real plan: the Paycheck Budget Planner splits each paycheck into these buckets. Get it with 5 more planners in the Money Planner Bundle (code NEWYEAR27, 20% off).

What counts as needs, wants and savings?

Needs are bills you must pay: rent or mortgage, utilities, groceries, transportation, insurance and minimum debt payments. Wants are things you could cut: dining out, streaming, hobbies, shopping. Savings covers your emergency fund, retirement and any payment above a debt minimum.

Many people can't hit 50/30/20 right away, especially with high rent. Change the percentages above (for example 60/20/20) to make a split you can actually live with, then nudge it over time.

Want to compare with what you spend now? Use the full 2027 budget calculator.

Questions

Should I use gross or net income?

Use take-home (net) pay, the amount that actually lands in your account after taxes and deductions.

Can I change the 50/30/20 percentages?

Yes. Edit the percentages and the targets update. Just keep the total at 100%.

Want a full spreadsheet instead? LB3 Trackers makes simple Excel and Google Sheets planners with no macros. The Money Planner Bundle has 6 budget and savings templates for $15. Use code NEWYEAR27 for 20% off through Jan 15, 2027. Browse the whole store.