Plan your monthly budget with the 50/30/20 framework. Enter your income and expenses to see your spending breakdown, savings rate, and whether you are on track.
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Use your actual in-hand salary after all deductions — not CTC or gross.
Use actual monthly averages. Check your bank statements for accuracy.
See which categories are over or under target and where to adjust.
The 50/30/20 rule is a simple budgeting framework:
It is a guideline, not a rigid rule. In high-cost cities, needs often exceed 50%. Adjust based on your goals — higher savings rates accelerate wealth building significantly.
A budgeting guideline: 50% on needs (essentials), 30% on wants (lifestyle), 20% on savings. Popularised by Elizabeth Warren. It is a starting point — adjust percentages to match your goals and income level.
Needs: housing, basic food, utilities, insurance, minimum loan payments. Wants: dining out, streaming services, new clothes beyond necessity, vacations. When in doubt, ask if you could survive without it.
20% is the 50/30/20 target. 30%+ is excellent and enables early retirement. Below 10% makes it very difficult to build wealth over time. Even 5% is better than 0%.
SIP and investments are savings — they build net worth. In this calculator they go in the Savings section. Treat them as non-negotiable, like rent.
Allocate 50% of after-tax income to needs (rent, food, utilities), 30% to wants (entertainment, dining, hobbies), and 20% to savings and debt repayment. Adjust ratios based on your income and financial goals.