Budgeting
Budget Planner (50/30/20)
Splits your income into the 50/30/20 rule (needs/wants/savings) and compares it against what you're actually spending, if you enter it.
Your details
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Needs (50%)
₹40,000
Wants (30%)
₹24,000
Savings (20%)
₹16,000
On ₹80,000/month, the 50/30/20 rule suggests ₹40,000 for needs, ₹24,000 for wants, and ₹16,000 for savings and debt repayment.
Total₹80,000
- Needs (50%)₹40,000
- Wants (30%)₹24,000
- Savings (20%)₹16,000
How this is calculated
Needs = 50% of income, Wants = 30%, Savings & debt repayment = 20% — the standard 50/30/20 budgeting framework, popularized by Senator Elizabeth Warren's book 'All Your Worth'.
Want to understand this better?
The 50/30/20 Rule Isn't a Law — Here's How to Actually Use It
Frequently asked questions
What counts as a 'need' vs a 'want'?
Needs are non-negotiable — rent, groceries, utilities, minimum debt payments. Wants are everything discretionary — dining out, entertainment, upgrades. The line is judgment, not a formula.
Is 50/30/20 right for everyone?
It's a starting framework, not a rule — high cost-of-living cities or high debt loads often need a different split, especially a smaller 'wants' share.
What if my needs already exceed 50%?
That's common in expensive cities — it usually means the 'wants' and 'savings' shares need to shrink, or income needs to grow, rather than needs being cut unrealistically.