Budget Allocator
Implement the 50/30/20 budgeting rule or create your custom allocation
Needs (50%) • Wants (30%) • Savings (20%)Income & Allocation
Enter your monthly income and choose your budgeting approach
The 50/30/20 rule is a simple budgeting method that divides your income into three categories.
50%
Needs
30%
Wants
20%
Savings
Budget Breakdown
Your personalized budget allocation based on your income
Enter your monthly income to see your budget breakdown
Budgeting Tips & Best Practices
Needs (50%)
- • Rent/mortgage payments
- • Utilities and insurance
- • Groceries and transportation
- • Minimum debt payments
- • Essential healthcare
Wants (30%)
- • Dining out and entertainment
- • Hobbies and subscriptions
- • Non-essential shopping
- • Vacations and travel
- • Luxury items
Savings (20%)
- • Emergency fund (3-6 months)
- • Retirement contributions
- • Investment accounts
- • Extra debt payments
- • Financial goals