50/30/20 Budget Calculator
Allocate take-home pay across needs, wants, and savings using the popular 50/30/20 rule popularized by Senator Elizabeth Warren in her book "All Your Worth".
Inputs
Needs (rent, food, utilities, insurance)
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Wants (dining, hobbies, entertainment)
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Savings & debt payoff
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Annual savings
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Target emergency fund
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About 50/30/20 Budget Calculator
Origin of 50/30/20
The rule comes from "All Your Worth" (2005) by Elizabeth Warren and Amelia Warren Tyagi. It is a simple framework, not a rigid prescription — many people adjust to 60/20/20 or 70/20/10.
What counts as a need?
Things you would have to keep paying if you lost your job: rent/mortgage, utilities, insurance, minimum debt payments, groceries, transport to work. Streaming, gym, and dining out are wants.
High-cost-of-living adjustment
In expensive cities, needs often exceed 50%. Aim to keep savings at 15-20% and squeeze wants — the savings rate is the most predictive variable for long-term wealth.