Budget Planner

The 50/30/20 rule.

A simple framework to allocate your after-tax income: 50% needs, 30% wants, 20% savings.

Monthly Income (after tax)$4,000

$500$20,000

Needs50%

Housing, groceries, utilities, insurance, minimum debt payments, transportation

Wants30%

Dining out, entertainment, subscriptions, hobbies, shopping, vacations

Savings & Investing20%

Emergency fund, retirement (401k/IRA), index funds, extra debt payments

Your Monthly Budget

$4,000

50%

30%

20%

Needs(50%)

$2,000

Wants(30%)

$1,200

Savings & Investing(20%)

$800

Annual Breakdown

Needs$24,000/yr

Wants$14,400/yr

Savings & Investing$9,600/yr

The 50/30/20 rule is a starting framework. Adjust percentages based on your cost of living, debt level, and financial goals.