Add your monthly income and expenses to get a remaining balance and a 50/30/20 breakdown.
Remaining
1,450.00
Needs are 50% of income (50% target)
Available after expenses
Use the remainder for savings, extra debt payments, or goals.
With $3,500.00 in monthly income and $2,050.00 in expenses, compare your needs/wants split to the guideline below.
50/30/20 Check
Actual spending compared with common targets.
50% target
30% target
20% target
Top Expenses
50/30/20 Check
Actual spending compared with common targets.
50% target
30% target
20% target
Top Expenses
Use monthly take-home income, not gross salary. Enter expenses as needs, wants, or savings and extra debt payoff; required loan and card minimums count as needs. Rent, utilities, groceries, and insurance are typical needs, while discretionary dining and subscriptions are typically wants. Include irregular costs in your own entries and avoid counting debt payments twice.
The calculator subtracts entered expenses and required debt payments from take-home income. It totals each category and compares its share with the 50/30/20 guideline: 50% needs, 30% wants, and 20% savings or extra debt payoff.
Cash left shows the amount not assigned by your entries; a negative number means planned outflow exceeds income. The category split helps you see where to adjust. The 50/30/20 split is a reference, not a grade: high housing costs or uneven income can make a different split more realistic.
The totals reflect only your entries and category choices. The calculator does not import transactions or reserve money for an expense you did not enter.
Sources: CFPB: Analyzing budgets