SavyitSavyit / Free tools / 50/30/20 budget calculator
50/30/20 budget calculator
Split your take-home pay into needs, wants and savings. See it per month, per week and as fun money per day.
Set it once, see it every daySavyit's monthly plan turns your split into a daily pace and sorts every bank alert into a category for you.
Get Savyit freeWhat is the 50/30/20 rule?
It splits take-home pay three ways: 50% for needs (rent, groceries, bills, minimum debt payments), 30% for wants (eating out, shopping, trips, hobbies) and 20% for savings and extra debt payments.
In expensive cities rent alone can be half your pay, so 60/20/20 or 70/20/10 is more honest. The point is to choose your split on purpose.
Worked example
On $4,000 a month: $2,000 for needs, $1,200 for wants and $800 for savings. The $1,200 in wants is about $39 a day.
Questions
Is the 50/30/20 rule based on gross or net income?
Net: the money that actually reaches your account after tax and deductions.
What if my needs are more than 50%?
Common in high-rent cities. Use 60/20/20 or 70/20/10, and protect the savings slice before the wants slice.
Do debt payments go in needs or savings?
Minimum payments are needs. Anything extra you pay to clear debt faster counts toward the 20%.
How do I stick to the wants budget?
Turn it into a daily number. $1,200 a month is about $39 a day, which is easy to check before you tap your card.
More free tools
Estimates for planning, not financial advice. Everything is calculated in your browser; nothing you type is sent anywhere. Updated 2026-10-29.