Cellsmith/Free calculators/50/30/20 budget
How should I split my income?
The 50/30/20 rule splits take-home pay into needs, wants and savings. Enter your income, adjust the split if you like, and see the amounts.
Budget inputsYellow cells are yours
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ResultLive
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How it is worked out
Needs are the bills you must pay: rent or mortgage, utilities, groceries, transport and minimum debt payments. Wants are everything you could cut if you had to. Savings covers emergency funds, investing and paying debt off faster.
It is a starting point, not a rule. In an expensive city needs often take more than 50%. Change the percentages above and keep them adding up to 100.
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