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.
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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.

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