Budget Calculator

Create a 50/30/20 budget plan based on your monthly take-home income.

✓ Free to use ✓ Instant results ✓ Mobile friendly ✓ No sign-up needed

Monthly Take-Home Income (£)

Needs % (Rent, Bills, Food)

Wants % (Lifestyle)

Needs Budget

Wants Budget

Savings / Debt

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The 50/30/20 Rule

Split your after-tax income: 50% on needs (rent, food, bills), 30% on wants (dining, entertainment), 20% on savings and debt repayment.

What are 'needs' vs 'wants'?+

Needs are essential expenses: rent/mortgage, utilities, food, transport. Wants are optional: restaurants, streaming, holidays.

What if 50% is not enough for needs?+

Many people in high-cost cities find 50% insufficient for needs. Adjust ratios to fit your situation — the rule is a guide, not a law.