50/30/20 Budget Rule Calculator
This 50/30/20 budget calculator will helps to reach your financial goals. The rule states that you should spend up to 50% of your after-tax income of needs and obligations that your must-have or must-do. The remaining half should be split up to 20% savings and 30% to everything else that you might want.
Budgeting Rule 50/30/20 Calculator
The fundamental distribution of this rule is to allocate 50% of net income towards Necessities followed by 30% of income towards Wants and finally the remaining 20% to be kept as Savings.
50%
1. Mortgage
2. Rent
3. Utilities
4. Transportation
5. Health Care
30%
1. Shopping
2. Dining Out
3. Gym Membership
4. Entertainment
5. Vacations
20%
1. Emergency Funds
2. 401(k) Contributions or Retirement Contributions
3. Savings
4. Investments
5. Donations (for good cause)
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