🚀 Advanced
Budget Planner
Plan your monthly budget using the 50/30/20 rule. Enter your income and expenses to get a visual breakdown and personalized recommendations to improve your financial health.
Monthly Income & Expenses
🏠 Needs (Housing, Food, Transport, Bills)
🎶 Wants (Lifestyle, Entertainment)
📈 Savings & Investments
Monthly Surplus / Deficit
₹--
after all expenses and savings
Total Income--
Total Needs--
Total Wants--
Total Savings--
Budget Breakdown
Needs
Wants
Savings
50/30/20 Rule vs Your Budget
Needs
--%
Target: 50%
Wants
--%
Target: 30%
Savings
--%
Target: 20%
50/30/20 Rule
50% of take-home income → Needs (rent, food, transport, bills)
30% of take-home income → Wants (dining, entertainment, shopping)
20% of take-home income → Savings & investments
30% of take-home income → Wants (dining, entertainment, shopping)
20% of take-home income → Savings & investments
Created by Senator Elizabeth Warren in "All Your Worth." For Indians with high savings goals (early retirement, child education), consider a 50/20/30 split — only 20% on wants, 30% on savings.
Frequently Asked Questions
The 50/30/20 rule is a simple budgeting framework: 50% of take-home income for needs (rent, food, utilities), 30% for wants (entertainment, dining, shopping), 20% for savings and investments. It's a starting point — adjust ratios based on your goals.
Financial advisors recommend saving at least 20% of take-home income. For aggressive goals (early retirement, home purchase in 5 years): 30-40%. India's average household savings rate is ~30% of income, though urban households often save less.
An emergency fund is 3-6 months of monthly expenses kept in a liquid account (savings account or liquid mutual fund). It's your financial safety net for job loss, medical emergencies, or unexpected expenses. Build this before investing.