Budget Calculator
Your take-home pay, split the smart way.
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Your Results
Needs (50%)$2,100.00
Wants (30%)$1,260.00
Savings & debt (20%)$840.00
The 50/30/20 rule is a guideline from Senator Elizabeth Warren's budgeting framework.
Frequently Asked Questions
What counts as needs vs wants?
Needs are essentials: housing, food, utilities, transport, minimum debt payments. Wants are lifestyle: dining out, subscriptions, travel. Savings includes retirement, emergency fund, and extra debt payoff.
My rent is over 50% of take-home — now what?
The rule is a target, not a law. If needs exceed 50%, reduce wants and savings temporarily — then work on income or housing costs to rebalance.
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