Free 50/30/20 Calculator - Digital Ledger

50/30/20 Calculator

Budgeting doesn't have to be complicated. Our free 50/30/20 calculator simplifies the process by helping you allocate your after-tax income into three essential categories:

50% for Needs: Covering necessities like housing, utilities, and transportation.
30% for Wants: Allowing for discretionary spending such as dining out, entertainment, and hobbies.
20% for Savings & Debt : Building your financial future through savings and paying down debt.

How It Works

Enter Your Monthly Net Income: Input the amount you take home after taxes.
Customize Your Percentages: Adjust the default 50/30/20 split to fit your personal financial goals.
View Your Budget Breakdown: Instantly see how your income should be distributed across the three categories.

Ready? Then let's get started.

50/30/20 Budget Calculator

The 50/30/20 Budget Calculator

Plug in your net income and get a personalized breakdown! It’s an easy way to double-check your numbers and see how this rule would divvy up your budget.

Monthly Net Income ⓘ

Needs %

Wants %

Savings/Debt %

Needs

Wants

Savings and Debt Repayment

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