50/30/20 Calculator
Enter your monthly take-home pay to see a 50/30/20 split between needs, wants and savings.
The 50/30/20 rule is a common rule of thumb, not a law. It suggests about 50% of take-home pay for needs, 30% for wants and 20% for savings and debt repayment. Your own numbers may differ, and that is fine. Read how it works in our guide: The 50/30/20 Rule: A Simple Way to Split Your Pay.
Worked example
Example with made-up numbers: monthly take-home pay of 2,000.
- Needs (50%): 1,000.00
- Wants (30%): 600.00
- Savings and debt repayment (20%): 400.00
Needs are things like housing, food and transport. Wants are the extras. If your needs cost more than 50%, that is common; try the split as a starting point and adjust. Our guide Needs vs Wants: How to Tell the Difference can help you sort them.