📊 50/30/20 Budget Calculator
Senator Elizabeth Warren's classic budgeting rule: 50% on needs, 30% on wants, 20% on savings & debt repayment. Enter your net income to see your breakdown.
Advertisement
$
🏠 Needs
$2,500
per month
🎬 Wants
$1,500
per month
💰 Savings & debt
$1,000
per month
Allocation total100%
Total monthly outflow: $5,000
What counts as what?
Needs (50%) — Rent or mortgage, utilities, groceries, basic transport, insurance, minimum debt payments. Things you can't skip.
Wants (30%) — Dining out, streaming, hobbies, travel, premium services, brand upgrades. Discretionary spending you choose.
Savings & debt (20%) — Emergency fund, retirement, investments, extra debt payments above the minimum. Future-you money.