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Monthly Budget Calculator (50/30/20)

Split your income into needs, wants and savings with the 50/30/20 rule.

Last updated: 21 Aug 2026

Quick answer

The 50/30/20 rule suggests spending 50% of income on needs, 30% on wants and saving 20%. For ₹60,000 a month that is ₹30,000 needs, ₹18,000 wants and ₹12,000 savings. Enter your monthly income above to see the split (the headline shows recommended savings).

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Plan your money with the 50/30/20 rule: 50% of take-home for needs, 30% for wants and 20% for savings. This shows your recommended monthly savings; needs = income × 50% and wants = income × 30%.

How to budget with the 50/30/20 rule

  1. 1 Enter your monthly take-home income.
  2. 2 We apply the 50/30/20 split.
  3. 3 The headline shows recommended savings (20%); needs and wants follow the same rule.

Frequently asked questions

What is the 50/30/20 rule?
A simple budget: 50% of take-home on needs, 30% on wants, and 20% toward savings and debt repayment.
What counts as a need vs a want?
Needs are essentials (rent, food, utilities, EMIs); wants are lifestyle spends (dining out, subscriptions, travel).
Should I save more than 20%?
If you can, yes — a higher savings rate builds wealth faster, especially early in your career.

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