Budget Planner
Split your income across needs, wants, and savings.
Needs
₹25,000
Wants
₹15,000
Savings
₹10,000
About the 50/30/20 rule
A starting point, not a rule to force yourself into: needs are things you can't skip (rent, groceries, minimum debt payments), wants are discretionary, and savings covers an emergency fund, investing, and extra debt payoff. Adjust the percentages to fit your actual life.
How to use this calculator
- Enter your monthly income.
- Allocate amounts to needs, wants, and savings.
- Review the percentage breakdown.
- Adjust the categories until the plan matches your priorities.
What your result means
The planner shows how your income is distributed. A positive savings allocation can support emergency funds, debt repayment, and long-term goals.
How it is calculated
The chart calculates each category as a percentage of monthly income. The 50/30/20 approach can be used as a starting point, not a rigid rule.
Example
For ₹60,000 monthly income, list rent, food, transport, subscriptions, debt payments, and savings separately before judging whether the plan is affordable.
Assumptions and limitations
- The figures represent one month.
- Categories are user-defined estimates.
- Irregular annual expenses should be converted into monthly amounts for a realistic plan.
Frequently asked questions
Is the 50/30/20 rule mandatory?
No. Housing costs, family responsibilities, and income levels differ, so use it only as a flexible guide.
Should debt payments be needs or savings?
Treat required debt payments as needs and separately track extra repayments as a financial goal.