All Tools VerseBudget Calculator
Split your income into needs, wants and savings with the 50/30/20 rule, or your own percentages. Runs in your browser, no sign-up.
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Split your after-tax income into needs, wants and savings using the popular 50/30/20 rule, or set your own percentages. See monthly and yearly amounts for each. Runs in your browser.
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The 50/30/20 rule is a simple starting point: half for needs like rent and food, a third for wants, and a fifth for savings and debt. Adjust the percentages to fit your goals and cost of living.
How to Use Budget Calculator
- Enter your income. Add your after-tax income and choose whether it is monthly or yearly.
- Keep or change the split. The default is 50% needs, 30% wants, 20% savings, but you can set your own percentages.
- Read your budget. See the dollar amount for each category, monthly and yearly.
- Adjust to fit. Tweak the percentages until the plan matches your goals and cost of living.
Frequently Asked Questions
What is the 50/30/20 rule?
It is a simple budgeting guide: spend about 50% of after-tax income on needs, 30% on wants, and put 20% toward savings and debt.
What counts as a need versus a want?
Needs are essentials like housing, food, utilities and minimum debt payments. Wants are things you enjoy but could live without, like dining out and subscriptions.
Can I change the percentages?
Yes. High rent areas may need more than 50% for needs, while aggressive savers might push savings above 20%. Enter whatever split you want.
Should I use gross or net income?
Use after-tax, take-home income, since that is the money you actually budget with.
What if my needs are over 50%?
That is common in expensive cities. Trim wants first, and treat lowering fixed costs as a longer term goal.
Is my data private?
Yes. The calculation runs entirely in your browser.
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