Budget Planner — 50/30/20 Rule
Plan your monthly budget. Split income into needs (50%), wants (30%), and savings (20%). Saves automatically to your browser.
Needs (50%)
₹0 of ₹25,000 target
Wants (30%)
₹0 of ₹15,000 target
Savings (20%)
₹0 of ₹10,000 target
Allocation
Summary
Needs₹0
Wants₹0
Savings₹0
Remaining₹50,000
Frequently Asked Questions
- What is the 50/30/20 rule?
- A simple budgeting framework: 50% of after-tax income goes to needs (rent, food, utilities), 30% to wants (dining, entertainment, shopping), and 20% to savings and investments. It was popularized by Senator Elizabeth Warren in her book 'All Your Worth'.
- Is my budget data saved?
- Yes — your income and all line items are automatically saved to your browser's localStorage. They'll be there when you come back, even after closing the tab. Nothing is sent to any server.
- Does the 50/30/20 rule work in India?
- Yes, the percentages work for any income. In India, housing/EMI often exceeds 50% in metro cities — treat the targets as goals to work toward, not strict rules.
- Can I add custom categories or items?
- You can add custom line items within each category using the 'Add item' button. The three categories (Needs, Wants, Savings) follow the 50/30/20 framework.
- Is this tool free?
- Yes, 100% free. All calculations run in your browser — no data is ever uploaded.