Turn your monthly take-home pay into a simple, balanced budget using the popular 50/30/20 framework — half to needs, a third to wants, and the rest to savings and debt.
How it works
- Enter your monthly take-home (after-tax) pay.
- The engine automatically splits your income three ways.
- Review your target allocation for Needs, Wants, and Savings/Debt.
Frequently asked questions
What counts as a need versus a want?
Needs are essentials you cannot skip — rent, groceries, minimum debt payments. Wants are discretionary — dining out, subscriptions, travel.
Is 50/30/20 right for everyone?
It is a guideline, not a law. High-cost-of-living areas often need a larger needs share; aggressive savers shrink wants.
Should I budget gross or net income?
Use after-tax (take-home) income, since that is what actually lands in your account.