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50/30/20 budget calculator

A simple way to split your take-home pay: 50% for needs, 30% for wants and 20% for savings. On ₹75,000 a month, that’s ₹37,500 for needs, ₹22,500 for wants and ₹15,000 to save. Add what you spend now to see how you compare.

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Your figures

₹75 thousand

Optional. Rent, groceries, bills, EMIs, school fees.

Optional. Eating out, shopping, trips, subscriptions.

Results

Savings, 20%

₹15,000

a month

Needs, 50%
₹37,500
Wants, 30%
₹22,500

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The split

50/30/20

  • Needs₹37,50050%
  • Wants₹22,50030%
  • Savings₹15,00020%

How this is calculated

Needs = 50% of take-home pay, wants = 30% and savings = 20%.

  • Take-home pay is what reaches your bank account each month, after tax and deductions like PF.
  • Needs are what you must pay: rent or home loan EMI, groceries, bills, transport to work, insurance, school fees, and the minimum on any debt.
  • Wants are what you choose: eating out, shopping, trips, subscriptions, gadgets.
  • Savings include investments, building your emergency fund, and paying debt off faster than you have to.
  • If you enter your spending, your savings are what’s left: take-home pay − needs − wants.

Questions

What if my needs are more than 50%?

In big cities, rent and EMIs alone can pass half your pay. Then the split is a direction, not a rule: keep the savings part as close to 20% as you can, and take the difference out of wants. As your income grows, steer back towards it.

Do EMIs count as needs or savings?

The EMI you must pay is a need. Anything you prepay on top, to clear the loan sooner, counts as saving.

Is 20% enough to save?

It’s a good start. If you’re behind on retirement or an emergency fund, or have a big goal coming, save more when you can. The SIP calculator shows what a monthly amount could grow to.

See where your money really goes, with Quilleaf

Quilleaf is a free app for Android that keeps your money ledger on your phone, with no sign-up. It reads your bank SMS to fill itself in, and every entry gets a category on its own.

  • A monthly budget, and budgets for any category. Safe to spend shows what’s left per day for the rest of the month.
  • Spending by category and by merchant, month by month.

See spending and budgets in Quilleaf

All calculators

These figures are estimates to help you plan, not financial advice. Banks, lenders and fund houses round and time things their own way, and rates change: check with them before you decide.