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50/30/20 Budget Calculator
Allocate your income using the 50/30/20 budgeting rule.
Percentages:
Allocate your income using the 50/30/20 budgeting rule.
How to Use 50/30/20 Budget Calculator
This calculator helps you allocate your income using the 50/30/20 budgeting rule: 50% for needs, 30% for wants, and 20% for savings.
- Enter Monthly Income: Enter your total monthly income.
- Adjust Percentages (Optional): Customize the allocation percentages for needs, wants, and savings if desired.
- Adjust Savings Goals(Optional): Set the goal to know how long it will take to save for the value.
- Calculate: Click the "Calculate" button to compute the recommended amounts for each category.
- View Result: The calculated amounts for needs, wants, and savings will be displayed.
Disclaimer: Budget numbers may vary and are not definitive based on the living situation.