50/30/20 Budget Calculator
Discover how to divide your income balanced between needs, wants, and savings.
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Frequently Asked Questions
What is the 50/30/20 rule?
It's a budgeting method that divides income into 50% for needs (essential expenses), 30% for wants (non-essential spending), and 20% for savings and investments.
Does the rule work for any income?
The rule is a flexible guideline. If you live in an expensive city, you may need more than 50% for needs. Adjust according to your reality.
What counts as a need vs want?
Needs are essential expenses: rent/mortgage, basic food, work transport, health, mandatory bills. Wants are optional spending: restaurants, streaming, hobbies, non-essential shopping.