PainlessCalculator
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Budget Targets
$0
Amounts update as you adjust the split.
Needs
$0
Wants
$0
Savings
$0
Unallocated
$0
How this calculator works
Budget Split divides your income into needs, wants, and savings using the 50/30/20 rule or your custom percentages.
Key assumptions
- Percentages apply to take‑home income.
- Custom allocations should total ~100%.
Example
Example: $5,000 monthly income with 50/30/20 yields $2,500 needs, $1,500 wants, $1,000 savings.
FAQs
- What if my needs are higher? Adjust the percentages to fit your reality.
- Is this before tax? Use take‑home pay for the most accurate split.
- Can I use fixed amounts? Yes—toggle Fixed Mode in Advanced.
Sources: CFPB • Federal Reserve • IRS
Last updated: 2026-02-04