Budget Calculator — 50/30/20 Rule (Needs, Wants & Savings)
Build your monthly budget with the 50/30/20 framework. See your actual spending vs. ideal split across Needs, Wants, and Savings categories with a donut.
Budget Calculator
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Total Monthly Spending
$4,830.00
Needs — 52.3% of income (target: 50%)
▼ $3,400.00
Wants — 12.8% of income (target: 30%)
▲ $830.00
Savings — 9.2% of income (target: 20%)
▼ $600.00
Scenario Comparison
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You have a $1,670 monthly surplus — great work!
Monthly take-home: $6,500 — allocated $4,830, unallocated $1,670.
50/30/20 Split: Ideal vs. Actual
Ideal Split
Your Actual Split
Actual vs. Target by Category
| Category | Actual | Target | % of Income |
|---|---|---|---|
Needs | $3,400 | $3,250 | 52.3%/ 50% |
Wants | $830 | $1,950 | 12.8%/ 30% |
Savings | $600 | $1,300 | 9.2%/ 20% |
| Total Allocated | $4,830 | $6,500 | 74.3% |
Budgeting Tip
The 50/30/20 rule is a starting point. If your needs exceed 50%, focus on reducing the largest fixed expenses first. Even moving savings from 5% to 10% of income can dramatically improve your financial trajectory over time.
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