50/30/20 Budget Calculator
Our 50/30/20 Budget Rule Calculator provides an uncomplicated way to organize your personal and household budget.
Calculate Your 50/30/20 Budget
Enter your net income and frequency below to see your starting allocations:
- Needs: 50%
- Wants: 30%
- Savings: 20%
Feel free to adjust these splits to match your personal goals.
About the 50/30/20 Calculator
Our free 50/30/20 budget calculator applies the practical and efficient 50/30/20 rule—popularized by Elizabeth Warren in her book All Your Worth—to help you divide your after-tax income into needs, wants, and savings. Adjust the default percentages as needed to create a personalized budget that supports your unique financial goals.
Next Steps After Calculating
Review Your Results
Double-check your allocations and identify areas where you can optimize spending.
Adjust & Iterate
Tweak the percentages or re-run the calculator as your situation changes over time.
Get Personalized Help
If you’d like deeper guidance or a full financial plan, our certified counselors are ready to assist.
Calculator FAQs
What is the 50/30/20 rule?
Can I adjust the default percentages?
How accurate are the calculator results?
Do I need to create an account?
How often should I use the calculator?
Explore Other Calculators
Looking to plan other areas of your finances? Check out our full suite of budget calculators.
More Budget Calculators