Financial Tools

50/30/20 Budget Allocator

Manage your money with the proven budgeting rule

Quick Budget Allocation

Enter your income to see the ideal 50/30/20 breakdown

$

Detailed Budget Planner

Enter your actual expenses to see how they compare to the ideal

$
Needs (Essential Expenses)
$
$
$
$
$
$
$
$
Wants (Non-Essential Spending)
$
$
$
$
$
$
Savings & Debt Repayment
$
$
$
$
$

Custom Budget Ratios

Adjust the percentages to match your financial situation

$
Needs 50%
Wants 30%
Savings 20%

Monthly Expense Tracker

Add and categorize your expenses to track spending

$

Add New Expense

$

Needs

$0
No expenses added yet

Wants

$0
No expenses added yet

Savings

$0
No expenses added yet

Savings Goal Calculator

See how long it takes to reach your goals with the 20% savings rule

$
%
$
$
%
Optional - for invested savings
Common Savings Goals

Understanding the 50/30/20 Rule

50% - Needs

Essential expenses you must pay to live and work.

  • Housing (rent/mortgage)
  • Utilities (electric, water, gas)
  • Groceries (not dining out)
  • Transportation (car payment, gas, transit)
  • Insurance (health, auto, home)
  • Minimum debt payments
30% - Wants

Non-essential spending that improves quality of life.

  • Dining out and entertainment
  • Streaming subscriptions
  • Shopping (clothes, gadgets)
  • Hobbies and recreation
  • Vacations and travel
  • Gym memberships
20% - Savings

Money for future security and debt elimination.

  • Emergency fund
  • Retirement contributions (401k, IRA)
  • Extra debt payments
  • Investments
  • Saving for goals
  • College funds