See a 50/30/20 allocation for a $5,000 monthly income, free and instant.
The 50/30/20 rule splits your take-home income into three buckets — needs (50%), wants (30%), and savings or debt payoff (20%) — as a simple starting framework, not a rigid rule to hit exactly every month.
Enter your monthly income, then adjust each expense line with its own slider. The needs and wants totals are the sum of what you actually enter; savings isn't a slider you set directly — it's simply whatever's left over once needs and wants are accounted for, which is the honest way to see whether your current spending actually leaves room to save.
For an expense that's genuinely annual rather than monthly — an insurance premium, a school admission fee — divide the yearly amount by 12 and enter that monthly-equivalent figure, the same way you'd budget for it if you were setting the money aside every month rather than paying it once a year.
Each bucket shows its target percentage next to what you're actually allocating, so a gap between the two is immediately visible rather than something you have to calculate yourself. You can optionally add your name for a personalized exported plan — nothing here is sent anywhere or saved; entering a name only changes what's shown on this page and in the printed/exported version.
No — it’s a starting framework. Many people’s real needs run higher than 50% (especially in high-cost cities), and that’s useful information this tool surfaces, not a failure to fix immediately.
Because savings should be what’s genuinely left over after real spending, not a number you separately declare — setting it as its own slider would let the numbers not actually add up to your real income.
No — everything here runs in your browser. Nothing is saved or transmitted, including if you export or print the plan.
No — it’s entirely optional. Leave it blank and the exported plan just won’t have a name on it.
No — enter your actual take-home (post-tax) income directly. For a full salary breakdown including deductions, use the Salary Slip Generator first.
Divide the yearly amount by 12 and enter that figure — for example, a ₹24,000 annual insurance premium becomes ₹2,000 in the monthly Insurance slider, matching how you’d actually set the money aside if you were saving for it monthly.
Once you know your real monthly savings figure, those links pass it directly into e309 Calculators’ SIP or Recurring Deposit calculator, so you can immediately see what that same amount could grow to if actually invested, rather than re-typing the number yourself.
Choose 50/30/20 if you want a simple, well-known starting framework that explicitly separates needs from wants — useful for spotting whether discretionary spending is the reason you’re not saving. If you’d rather combine needs and wants and protect a specific portion for debt or giving, use 70/20/10. For a more structured, multi-jar wealth-building system, use 6 Jars. If percentage targets feel too rigid and you’d rather journal and reflect on spending, use Kakeibo instead.