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

Learn more about budgeting

The 50/30/20 rule: how to budget your money more efficientlyThe 50/30/20 budget is beautiful in its simplicity. It can help you divide your income into categories that make saving easy.

Piggy bank to symbolize budgeting tips (how to save money).

5 smart budgeting tips for first-time saversBudgeting doesn’t need to be stressful or confusing. These simple budgeting tips show you how you can start saving today.

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Personal financial planning—tips on setting yourself up for the futureThe best way to safeguard your future? Start personal financial planning today. Read on to learn how.

The 50/30/20 rule: how to budget your money more efficientlyThe 50/30/20 budget is beautiful in its simplicity. It can help you divide your income into categories that make saving easy.

5 smart budgeting tips for first-time saversBudgeting doesn’t need to be stressful or confusing. These simple budgeting tips show you how you can start saving today.

Personal financial planning—tips on setting yourself up for the futureThe best way to safeguard your future? Start personal financial planning today. Read on to learn how.