What is the 50/30/20 budget rule?

A popular budgeting method that suggests allocating 50% of your income to needs (rent, bills), 30% to wants (entertainment, hobbies), and 20% to savings and debt repayment.

How do I create a budget plan?

First, list all your income sources, then categorize your expenses. Calculate the difference between income and expenses to determine your savings potential.

Budget Calculator

Income Items

Expense Items

This calculator is for informational purposes only. Results are estimates and may differ from actual values.

Total Income

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Total Expenses

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Net Balance

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Category Breakdown

Category	Amount	Percentage

50/30/20 Budget Rule Analysis

	Ideal Ratio	Your Ratio
Needs (50%) Housing, bills, food, transportation	%50	%0
Wants (30%) Entertainment, dining out, hobbies	%30	%0
Savings (20%) Savings, investments, debt repayment	%20	%0

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