Budget Calculator
Monthly Income
Monthly Expenses
Monthly Surplus/Deficit
Total Expenses
Savings Rate
Net Income
50/30/20 Rule Comparison
The 50/30/20 rule suggests: 50% Needs, 30% Wants, 20% Savings
Needs (50%)
Wants (30%)
Savings (20%)
Expense Breakdown
1
Sum all expenses: $
2
Calculate surplus/deficit: Net Income − Total Expenses = $ − $ = $
3
Savings rate: (Savings ÷ Net Income) × 100 = ($ ÷ $) × 100 = %