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50/30/20 Budget Calculator

The simple rule for balanced budgeting

50%
Needs
$2,750
(rent, food, utilities, transport)
30%
Wants
$1,650
(dining out, entertainment)
20%
Savings & Debt
$1,100
(emergency fund, retirement, extra debt payments)

The 50/30/20 Budgeting Rule

Popularized by Senator Elizabeth Warren: 50% of after-tax income on needs, 30% on wants, 20% on savings and debt repayment. Use this as a flexible starting point.