Budget Planner Calculator
Apply the 50/30/20 budgeting rule to your income. See exactly how much to allocate to needs, wants, and savings -- with customizable percentages and an optional giving deduction.
Income
Budget Allocation
Your Budget Breakdown
Net Income / Year
$56,250
Spendable After Giving
$56,250
| Category | Per Monthly | Per Year |
|---|---|---|
| Net Income | $4,687.50 | $56,250.00 |
| Spendable Income | $4,687.50 | $56,250.00 |
| Needs (50%) | $2,343.75 | $28,125.00 |
| Wants (30%) | $1,406.25 | $16,875.00 |
| Savings & Debt (20%) | $937.50 | $11,250.00 |
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How to Use the Budget Planner Calculator
Follow these steps to build your 50/30/20 budget.
- 1
Enter your income
Enter your annual salary or hourly rate. If hourly, include your average hours per week.
- 2
Choose gross or net
Select whether to budget from gross (pre-tax) or net (take-home) income. Net is recommended for most budgeting purposes.
- 3
Select your pay frequency
Choose how often you are paid to see per-paycheck budget amounts.
- 4
Enter giving amount (optional)
If you tithe or have regular charitable giving, enter that amount. It will be deducted first before the 50/30/20 split.
- 5
Adjust the percentages
The default is 50/30/20, but you can customize each bucket to match your actual spending priorities.
- 6
Review your budget
See your per-period and annual allocations for needs, wants, and savings in the breakdown table.
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