50/30/20 Budget Calculator
Split your monthly take-home income into needs, wants and savings with the 50/30/20 rule, a tighter 70/20/10, or your own split.
Everything that goes out in a month. Enter it to see your savings rate against the plan.
Needs: rent, bills, groceries, transport, school fees (50%)
Rs 100,000
- Wants: eating out, shopping, trips (30%)
- Rs 60,000
- Savings, emergency fund and charity (20%)
- Rs 40,000
Of Rs 200,000 a month: Rs 100,000 for needs, Rs 60,000 for wants and Rs 40,000 to save or give.
How it's worked out
- Needs
Rs 200,000 × 50%Rs 100,000 - Wants
Rs 200,000 × 30%Rs 60,000 - Savings, emergency fund and charity
Rs 200,000 × 20%Rs 40,000
- NeedsRs 100,00050%
- WantsRs 60,00030%
- Savings, emergency fund and charityRs 40,00020%
- A starting point, not a rule. If needs take more than half, trim wants first, and build an emergency fund of 3 to 6 months of needs.
How it works
Needs = income × 50% · Wants = income × 30% · Savings = income × 20%
Worked example
On Rs 200,000 a month take-home: Rs 100,000 for needs, Rs 60,000 for wants and Rs 40,000 to save or give.
Questions people ask
What is the 50/30/20 rule?
Spend about 50% of take-home pay on needs, 30% on wants and put 20% into savings, giving and paying down debts.
What counts as a need?
Things you must pay to live and work: rent, utility bills, groceries, transport, school fees and medicine.
What is my savings rate?
The share of your take-home income you don't spend. Enter what you actually spend a month: on Rs 250,000 with Rs 205,000 spent, you save Rs 45,000, a savings rate of 18%, just short of the 20% the 50/30/20 rule aims for.
What if my needs take more than half?
That's common in high-rent cities. Try 70/20/10 as a starting point, trim wants first, and raise savings as your income grows.
About this calculator
Formula and rules last checked 25 October 2026Written and tested by the CalculatorDex teamReport a problem