FINANCE TOOLS
50/30/20 Budget Rule
Apply the 50/30/20 budget rule to your income. See exactly how much to spend on needs, wants, and savings. Instant breakdown.
Your Income
Needs
50%
—
Wants
30%
—
Save
20%
—
Needs — 50% (—)
| Category | Suggested | Your Amount |
|---|---|---|
| Housing (rent/mortgage) | — | |
| Utilities | — | |
| Groceries | — | |
| Insurance | — | |
| Transport | — |
Wants — 30% (—)
Entertainment, dining out, subscriptions, shopping, hobbies, vacations. Everything you enjoy but could survive without.
Savings & Debt — 20% (—)
Emergency fund, retirement (401k/IRA), extra debt payments, investments, sinking funds. Pay yourself first.
Pro tip: If you can't hit 50% on needs, try the 60/20/20 or 70/20/10 variation. The point is intentionality, not rigid percentages.
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