50/30/20 Budget Planner

How it works

Your entered monthly income is multiplied by three fixed percentages — 50% needs, 30% wants, 20% savings/debt payoff — to get target dollar amounts, then compared against what you type in as actually spent per category. For needs and wants, spending above the target is flagged as over budget; for savings the logic flips, since spending more than the target there means you saved more than the rule recommends.

FAQ

Why is "over target" shown as good for savings but bad for needs and wants?

For needs and wants, exceeding the target means overspending; for savings, exceeding the target means you saved more than the 50/30/20 rule recommends, which the tool treats as a positive, not a warning.

Does this tool track my actual bank transactions?

No — there's no bank linking at all; you type in what you spent in each category yourself, and the comparison is purely arithmetic against the 50/30/20 targets calculated from your entered income.