Budget Planner

Plan your monthly budget using the 50/30/20 rule and see where your money goes. A simple framework to balance needs, wants, and savings.

Monthly take-home income₹50,000

Rs 10KRs 5L

Needs (%)50%

Wants (%)30%

Needs 50%Wants 30%Savings 20%

Needs (50%)

₹25,000

Rent, groceries, utilities, EMIs, insurance, transport

Wants (30%)

₹15,000

Dining out, entertainment, shopping, subscriptions, hobbies

Savings (20%)

₹10,000

Emergency fund, investments, SIPs, debt repayment, retirement

Frequently asked questions

What is the 50/30/20 rule?: The 50/30/20 rule suggests spending 50% of your after-tax income on needs (rent, groceries, EMIs), 30% on wants (dining out, entertainment, shopping), and 20% on savings and debt repayment.
Should I follow the 50/30/20 rule exactly?: It is a guideline, not a strict rule. If you live in an expensive city, your needs may exceed 50%. The key is to save at least 20% — adjust the other two categories as needed.
How do I reduce my spending on wants?: Track your spending for a month to see where the money goes. Cancel unused subscriptions, cook more often, and wait 24 hours before impulse purchases. Small changes compound over time.