Monthly Budget

Budget Planner Calculator

Split your monthly take-home pay into needs, wants, and savings. The classic split is 50% needs, 30% wants, and 20% savings — but you can change the percentages to fit your life, as long as they add up to 100%.

No live data. Every rate, price, and percentage on this page is entered by you. Nothing is fetched from a bank, a market, or a government source, and no figure here is presented as a live or official rate.

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Enter your details to see your result.

You will see your answer with the figures shown, so you can check it.

How it works

Enter your monthly take-home pay — what you actually receive, after tax and deductions.
Set the three percentages. The defaults are 50% needs, 30% wants, and 20% savings. Change them if your rent or other essentials take a larger share.
You see the rupee amount for each category. If the percentages do not add up to 100%, a clear warning is shown and no result is given.

Needs are essentials you cannot skip: rent, food, transport, bills, and minimum loan payments. Wants are choices: eating out, entertainment, subscriptions, and upgrades. Savings includes money set aside and any extra debt payments above the minimum.

Formula

Needs amount = Take-home pay × Needs %

Wants amount = Take-home pay × Wants %

Savings amount = Take-home pay × Savings %

Needs % + Wants % + Savings % must equal 100%. To check your pay after tax first, use the Salary / Income Tax Calculator.

Worked example

Example: Take-home pay Rs 200,000 a month at 50/30/20 gives Rs 100,000 for needs, Rs 60,000 for wants, and Rs 40,000 for savings. The three amounts add up to Rs 200,000.

Frequently asked questions

What is the 50/30/20 budget rule?

It splits take-home pay into 50% for needs, 30% for wants, and 20% for savings. On Rs 200,000 a month that is Rs 100,000 for needs, Rs 60,000 for wants, and Rs 40,000 for savings.

What counts as a need and what counts as a want?

Needs are essentials: rent, food, transport, bills, and minimum loan payments. Wants are choices: eating out, entertainment, subscriptions, and upgrades. A phone is a need; the latest model is a want.

Can I change the percentages?

Yes. The three percentages are editable and can be anything from 0 to 100, as long as they add up to exactly 100%. If they do not, a warning is shown and no result is given.

What if 50% does not cover my needs?

Then use your real figures. If rent alone takes 60%, set needs to 60% and reduce wants or savings. The calculator shows what your split means in rupees — it does not judge whether the split is right.

Should savings include extra loan payments?

Yes, in this planner extra payments above the minimum count as savings, because they reduce what you owe. Minimum payments count as needs, because you must pay them.

Still have a question? Contact us.

Important — please read

This is a planning aid, not financial advice. The 50/30/20 split is a guideline, not a rule that fits everyone — high rent or low income may make it impossible, and that is not a personal failure. Adjust the split to your real costs and priorities.

Read the full Terms & Disclaimer.