50/30/20 Budget Planner
Split income into needs, wants and savings instantly
50/30/20 Budget Planner is a free, browser-based tool that lets you split income into needs, wants and savings instantly — with zero signup, zero installation. Your data never leaves your browser. Part of 138+ free developer and business tools at wowhow.cloud, built and maintained by a team with 14+ years of hands-on development experience.
Income
₹70,000
Needs
50% target
₹35,000
Under budgetWants
30% target
₹21,000
Under budgetSavings & Debt
20% target
₹14,000
Below targetNeeds
Rent, EMIs, groceries, utilities, transport, insurance
Wants
Dining out, subscriptions, shopping, travel, hobbies
Savings & Debt
Emergency fund, SIPs, retirement, extra loan payoff
About 50/30/20 Budget Planner
The 50/30/20 budget is the fastest way to bring order to your money without a spreadsheet or an app subscription. This planner takes your monthly take-home pay, sets your three targets, and lets you drop in your real expenses so you can see — at a glance — whether your needs are eating into your savings and exactly how much room you have left.
How It Works
You enter your monthly take-home income. The planner instantly computes the three target amounts: 50% for needs, 30% for wants, and 20% for savings and debt repayment. A donut chart visualises how your actual spending fills those buckets, with any unassigned income shown separately.
Each bucket holds editable expense lines. Rename them, change amounts, add new ones, or delete what does not apply. As you type, the planner totals each bucket, compares it to the target, and flags it green when on track or amber when a needs/wants bucket is over budget — or when savings fall short of the 20% goal.
A savings-rate callout tells you what percentage of income you are actually saving, so you can course-correct toward the 20% target. No data leaves your browser.
Who Is This For
A young professional on ₹70,000/month checking whether their rent and EMIs leave room to save 20%.
A couple combining incomes to see if their dining and subscription spend has crept past the 30% wants limit.
Someone aggressively paying off debt who wants to confirm their savings-and-debt bucket clears the 20% mark.
A freelancer with variable income running the numbers for a low month to decide which wants to cut first.
Scope note: The 50/30/20 rule is a starting framework, not a prescription — high-cost cities, large debts, or irregular income may justify a different split. This planner models a single month and does not track spending over time, sync to bank accounts, or account for annual or one-off expenses. Treat the targets as a guide and adjust the buckets to your circumstances.
Disclaimer: This calculator is for informational and educational purposes only and does not constitute financial, tax, or legal advice. Results are estimates based on publicly available tax slabs and formulas. Consult a qualified Chartered Accountant, tax professional, or financial advisor for guidance specific to your situation. Built and maintained by the WOWHOW Team with 14+ years of software development experience.
How to Use
Enter your monthly take-home income — the amount that actually lands in your account
See your 50/30/20 targets: 50% needs, 30% wants, 20% savings & debt repayment
Edit the expense lines or add your own under each bucket to match your real spending
Compare your actual spend against each target and fix any bucket flagged over budget
Frequently Asked Questions
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