Budget Calculator
A budget shows where your money goes so you can decide where it should go. Enter your income and spending to compare it with the popular 50/30/20 guide.
Results
Budget status
₹5,000 left unassigned
- Needs
- 56%
- Guide: 50%
- Wants
- 19%
- Guide: 30%
- Savings
- 20%
- Guide: 20%
- Left over each month
- ₹5,000
- Needs total
- ₹56,000
- Wants total
- ₹19,000
- Needs at 50%
- ₹50,000
- Wants at 30%
- ₹30,000
- Savings at 20%
- ₹20,000
Needs take 56% of income, wants 19% and savings 20%. ₹5,000 left unassigned.
Where your income goes
- Needs₹56,000 (58.9%)
- Wants₹19,000 (20.0%)
- Savings₹20,000 (21.1%)
Show the calculation steps
- Needs = ₹56,000 (56% of income); the 50/30/20 guide is ₹50,000.
- Wants = ₹19,000 (19%); the guide is ₹30,000.
- Savings and investing = ₹20,000 (20%); the guide is ₹20,000.
- Income ₹1,00,000 − everything above ₹95,000 = ₹5,000.
- The 50/30/20 split is a starting guide, not a rule. In high-cost cities needs may be higher; the aim is to protect your savings.
The 50/30/20 guide
It suggests spending about half of your take-home pay on needs, 30% on wants and saving or repaying debt with the last 20%. It is a starting point: in expensive cities needs may take more, and the important part is that savings come first.
Making the budget work
Assign every rupee a job, including the amount left over. Automate savings on payday, and review the categories with the largest gap from the guide first.
Formula
Needs % = (housing + food + transport + utilities + EMIs) ÷ income × 100
Wants % = (entertainment + shopping + other wants) ÷ income × 100
Savings % = savings ÷ income × 100
Left over = income − all of the above
Where:
- 50/30/20
- = A guide: 50% needs, 30% wants, 20% savings
Example calculation
₹1,00,000 take-home with ₹20,000 saved
Inputs
- Monthly Take-Home Income
- ₹1,00,000
- Rent or Home Loan EMI
- ₹25,000
- Groceries and Food
- ₹12,000
- Transport and Fuel
- ₹6,000
- Utilities, Insurance, Phone
- ₹8,000
- Other Loan EMIs
- ₹5,000
- Dining and Entertainment
- ₹8,000
- Shopping
- ₹6,000
- Other Wants (Travel, Subscriptions)
- ₹5,000
- Savings and Investments
- ₹20,000
Result
- Budget status
- ₹5,000 left unassigned
- Needs
- 56%
- Wants
- 19%
- Savings
- 20%
- Left over each month
- ₹5,000
- Needs total
- ₹56,000
- Wants total
- ₹19,000
- Needs at 50%
- ₹50,000
- Wants at 30%
- ₹30,000
- Savings at 20%
- ₹20,000
Step-by-step
- Needs = ₹56,000 (56% of income); the 50/30/20 guide is ₹50,000.
- Wants = ₹19,000 (19%); the guide is ₹30,000.
- Savings and investing = ₹20,000 (20%); the guide is ₹20,000.
- Income ₹1,00,000 − everything above ₹95,000 = ₹5,000.
Important notes
- Use your after-tax income. Treat irregular costs (annual insurance, festivals) as monthly amounts so they do not surprise you.
Disclaimer: This calculator provides estimates for informational purposes and should not be considered financial advice. Actual figures from lenders, banks and investment products can differ because of fees, taxes, rounding rules and changing rates. Consult a qualified professional before making financial decisions.
Frequently asked questions
What is the 50/30/20 rule?
A guide to split take-home income: 50% on needs, 30% on wants and 20% on savings or debt repayment.
What counts as a need?
Housing, food, transport, utilities, insurance and minimum loan payments.
What if my needs exceed 50%?
That is common. Aim to protect your savings and trim wants first.
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