50/30/20 Budget Calculator
Split your after-tax income into needs, wants and savings, and compare with what you actually spend.
Quick answer
The 50/30/20 budget splits monthly income into needs, wants and savings targets. Each target is income x its percentage (50, 30 and 20 by default), and the three percentages must total 100.
50/30/20 Budget Calculator
The three percentages must add up to 100.
Actual monthly spending (optional)
Leave blank to skip.
Needs Budget
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Wants Budget
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Savings Budget
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Budget vs Actual
| Bucket | Share | Target / month (₹) | Target / year (₹) | Actual (₹) | Difference (₹) | Status |
|---|
Assumptions & method
- Target for each bucket = monthly after-tax income × its percentage. The three percentages must total 100.
- Difference = actual − target. For needs and wants a positive figure means overspending; for savings a positive figure means you saved more than planned.
- Status uses a tolerance of 1% of the target. A bucket left blank is shown as not entered.
- The categories are yours to define: the calculator does not classify any expense.
- The 50/30/20 split is a guideline, not a rule, and is not tailored advice.
Results are estimates based on the figures you enter. They are not guarantees and not financial advice.
How the 50/30/20 budget works
The 50/30/20 budget divides your after-tax income into three buckets. Needs cover the essentials you cannot skip, wants cover the things you choose, and savings cover your future, including debt repayment beyond the minimums. The standard split is 50, 30 and 20 percent, but the ratios are only a guide, so you can change them to suit your costs and goals. Enter your monthly income to see the amount for each bucket, then add what you actually spend to see where you are over or under. It helps you notice quickly which area needs attention, without a detailed spreadsheet.