Budget Calculator: Split Your Salary with the 50/30/20 Rule
Enter your monthly take-home pay. The calculator splits it into needs, wants and savings; change the percentages to fit your city and family.
- Nothing you type is stored
- Free
- No signup
Needs (rent, food, bills, EMIs)
₹30,000a month
- Wants (eating out, shopping, trips)
- ₹18,000
- Savings and investments
- ₹12,000
- Savings in a year
- ₹1,44,000
A starting guide. In big cities rent can push needs above 50%; then trim wants before savings.
How to use
- Enter your monthly in-hand salary or household income.
- Check the suggested amounts for needs, wants and savings.
- Adjust the split under Your split; the three must add up to 100%.
Good to know
The 50/30/20 rule puts 50% of take-home pay into needs (rent, groceries, bills, EMIs, school fees), 30% into wants (eating out, shopping, trips, subscriptions) and 20% into savings and investments.
In big Indian cities rent and EMIs can take more than half the salary. If needs are above 50%, cut wants first, not savings. Higher earners can often save 30% or more.
Pay yourself first: move the savings amount to an SIP, RD or PPF on salary day, then spend the rest. Build an emergency fund before investing for long-term goals.
Questions
What is the 50/30/20 rule?
A simple budget: 50% of take-home pay for needs, 30% for wants and 20% for savings.
Are EMIs needs or wants?
Home and education loan EMIs are usually counted as needs; EMIs for gadgets or holidays are wants.
What if my needs are more than 50%?
Trim wants first. Try to keep at least 10%–20% for savings.
Should I use gross or take-home pay?
Take-home pay, after tax, PF and other deductions.
Is my data stored?
No. Everything is calculated on your device.