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Free Tools · Budgeting

50 / 30 / 20 Budget Calculator

Enter your monthly take-home. Get an instant breakdown for needs, wants and savings — the classic rule, in plain ₹ amounts.

Your monthly take-home

Custom split (optional)

Savings = 100% − Needs − Wants (auto-adjusts).

Your monthly budget

Needs (rent, food, EMI)
Wants (dining, entertainment)
Savings & investments

In high-rent metros, 60/20/20 or 70/15/15 may fit better. Use the sliders to match your reality.

What goes in each bucket?

Needs (50% suggested)

Rent or home loan EMI, groceries, utility bills, school fees, insurance premiums, minimum loan repayments, basic transport. Anything you cannot skip without disruption.

Wants (30% suggested)

Eating out, OTT subscriptions, shopping, weekend trips, gym, gadgets. Anything that adds quality of life but is not essential.

Savings & investments (20% suggested)

Emergency fund (3–6 months expenses), SIPs in mutual funds, PPF / EPF top-ups, FD, gold, term insurance premiums, retirement corpus, principal pre-payment on housing loans.

Frequently asked questions

What is the 50/30/20 rule?

A simple budgeting framework popularised by US Senator Elizabeth Warren. Spend 50% of your take-home pay on needs (rent, food, utilities, EMI), 30% on wants (eating out, entertainment, shopping), and save/invest the remaining 20%.

Does the 50/30/20 rule work for Indian salaries?

It works as a starting point. In high-rent metros like Mumbai or Bengaluru, rent alone can be 30–40% of take-home — many Indians use 60/20/20 or 70/15/15 in those cases. Use the calculator above to see your actual split.

Should I count EMI as needs or savings?

Home loan EMI is a need (housing). But the principal portion of the EMI builds equity, so some advisors include it in savings. Practical approach: count the full EMI under needs and use the 20% savings bucket for SIPs / FDs / emergency fund separately.

What if I cannot save 20%?

Start with whatever you can — even 5% saved monthly compounds meaningfully over 10+ years. Then automate it: increase by 1 percentage point every 6 months until you hit 20%.

Turn your budget into a habit.

Money Track's Budgets module tracks your actual spend against limits per category — automatically.

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