Paycheck Budget Calculator (50/30/20)
Enter your take-home pay for one paycheck. The 50/30/20 split is a popular rule of thumb, not a requirement, so change the percentages to fit your life.
Results appear here.
How to use it
- Enter the amount that lands in your account each pay day.
- Choose how often you are paid.
- Adjust the percentages if the defaults do not fit.
- Assign bills to the paycheck that arrives before they are due.
Frequently asked questions
What is the 50/30/20 rule?
A guideline that puts about 50% of take-home pay toward needs, 30% toward wants and 20% toward savings and debt payoff.
Do percentages have to add to 100?
They should. The calculator warns you if they do not.
What if I have three paychecks in a month?
Biweekly pay produces two extra checks in a standard year. Many people use them for savings or goals.