Free Tool
50/30/20 Budget Calculator
Enter your monthly income and adjust the percentages to see exactly how much to allocate to needs, wants, and savings.
Your Numbers
$
Your take-home pay each month
%
Housing, groceries, insurance, utilities, minimum debt payments
%
Dining out, entertainment, hobbies, subscriptions
%
Emergency fund, investments, extra debt payments
Total Allocation 100%
Your Monthly Budget
Needs Budget
$2,500
Wants Budget
$1,500
Savings Budget
$1,000
Annual Savings $12,000
Budget Breakdown
vs. the 50/30/20 Rule
Your Plan 50/30/20
Needs 50% 50%
Wants 30% 30%
Savings 20% 20%
The 50/30/20 rule is a general guideline, not a one-size-fits-all plan. Your ideal budget depends on your cost of living, debt situation, and financial goals. Use this as a starting point, then adjust based on your reality.
See Where Your Money Actually Goes
Monavio automatically categorizes your bank transactions so you can see your real spending breakdown — not just a budget plan.
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