Needs are expenses that you can’t avoid—payments for all the essentials that would be difficult to live without. For instance: - Monthly rent - Electricity and gas bills - Transportation - Insurance (healthcare, car, or pets) - Groceries

Wants are defined as non-essential expenses—things that you choose to spend your money on, although you could live without them if you had to. For instance: - Dining out - Shopping - Holidays - Gym memberships - Entertainment subscriptions (Netflix, HBO, Spotify) - Groceries (other than the essentials)

Savings are put aside towards your financial goals or used to pay back any outstanding debt. For instance: - Money for emergency expenses - Retirement investments - Long-term personal financial plans - A down payment on real estate - Investments in your education

50 30 20 Budget Calculator

Easily split your income into needs, wants, and savings with our 50/30/20 Budgeting Calculator—and start taking steps towards financial freedom.

N26 spaces against light blue background.

How to use the 50/30/20 calculator?

Enter estimated amounts in all of the "Income" fields that apply to you or your family.
Calculate your after-tax income.
Be sure to round up to the nearest euro—don’t use commas or periods.

Your Monthly income after taxes

Salary/Wages (As Family Unit)

Other sources of income

Your Summary

Monthly view

Annual view

50/30/20 breakdown

This is how you should be budgeting your income based on the 50/30/20 rule.

Needs

€ 1.000,00

Wants

€ 600,00

Savings

€ 400,00

Frequently asked questions

Needs are expenses that you can’t avoid—payments for all the essentials that would be difficult to live without. For instance:
- Monthly rent
- Electricity and gas bills
- Transportation
- Insurance (healthcare, car, or pets)
- Groceries
Wants are defined as non-essential expenses—things that you choose to spend your money on, although you could live without them if you had to. For instance:
- Dining out
- Shopping
- Holidays
- Gym memberships
- Entertainment subscriptions (Netflix, HBO, Spotify)
- Groceries (other than the essentials)
Savings are put aside towards your financial goals or used to pay back any outstanding debt. For instance:
- Money for emergency expenses
- Retirement investments
- Long-term personal financial plans
- A down payment on real estate
- Investments in your education