50/30/20 Rule
Planning & BudgetingA budgeting guideline allocating 50% of after-tax income to needs, 30% to wants, and 20% to savings and debt repayment.
Example
Example: For someone earning $60,000/year trying to build a solid financial plan, understanding 50/30/20 rule is a key piece of the puzzle. Applied to a monthly budget, this concept could help you save an extra $200-$500/month. Build your plan with our 50/30/20 budget calculator.