Enter your monthly income and expenses. Get an instant personalized budget analysis using the 50/30/20 rule, a budget health score, and AI-powered recommendations.
📊 Enter Your Monthly Finances
📖 The 50/30/20 Rule
The 50/30/20 budget is one of the most effective personal finance frameworks. Allocate your take-home income as follows:
50% — Needs (Essentials)
Rent, food, transport, utilities, healthcare — things you must pay
30% — Wants (Lifestyle)
Dining out, entertainment, hobbies, subscriptions — things you enjoy
20% — Savings & Debt
Emergency fund, retirement, investments, extra debt payments
The 50/30/20 rule divides your after-tax income into three categories: 50% for needs (rent, groceries, utilities), 30% for wants (dining, entertainment, hobbies), and 20% for savings and debt repayment. It's simple, flexible, and proven to work for most income levels.
The analysis is based on the financial data you enter, so accuracy depends on how accurately you input your numbers. The recommendations follow established personal finance principles used by certified financial planners. Note: this is educational guidance, not licensed financial advice.
High housing costs are common, especially in major cities. If your needs exceed 50%, focus on reducing wants first. Options include finding a roommate, refinancing your mortgage, or looking for a more affordable area when your lease renews. Any savings you can redirect from wants to savings is a win.
As a baseline, aim to save 20% of your take-home income. If that's not possible right now, start with whatever you can — even 5% — and increase by 1% every few months. Prioritize: (1) employer 401(k) match, (2) $1,000 emergency fund, (3) high-interest debt, (4) 3-6 month emergency fund, (5) retirement accounts.
No. All calculations run entirely in your browser. We do not store, collect, or transmit any of the financial data you enter into this tool. Your information stays completely private on your device.