Skip to content
2x2xKit

50/30/20 Budget Rule Calculator

Split your income into needs, wants and savings using the 50/30/20 rule.

How this is calculated
Needs = Income × 50%; Wants = Income × 30%; Savings = Income × 20%

Assumptions used in this calculation

  • Income basis: The split is applied to after-tax (take-home) income, not gross income, enter your net monthly income for an accurate breakdown.
  • Fixed percentages: Uses the standard 50/30/20 split as a guideline, it doesn't adjust for situations where essential needs genuinely exceed 50% of income.

About this calculator

The 50/30/20 budget rule calculator splits your monthly after-tax income into 50% needs, 30% wants and 20% savings/debt repayment, a popular simple budgeting framework.

Worked example

₹1,00,000 income

Result: Needs ₹50,000, Wants ₹30,000, Savings ₹20,000

Was this helpful?

Frequently asked questions

Related calculators

Popular

Budget Calculator

Track your monthly budget against the 50/30/20 rule.

Emergency Fund Calculator

Find your emergency fund target and how long it will take to reach it.