The 50/30/20 Rule Calculator
See how different budget percentages work for your income
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Monthly income
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Spend
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Splurge
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Save
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Share
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included in Splurge
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About the 50/30/20 Rule
The 50/30/20 Rule is a spending plan that breaks down expenses into simple percentages: 50% needs, 30% wants, and 20% savings. These simple guidelines can be easier to stick to than other budgeting methods. The Brightfin app works with the same percentages in 4 words: Spend (needs), Splurge (wants), Save (savings), and Share (for gifts; included in Splurge).
Read more about the origins of the 50/30/20 Rule and how 50/30/20 compares to other budgets.
Our variations on 50/30/20
We wanted to make budgeting as simple as possible. We thought the 50/30/20 Rule was the most approachable, but we knew it wouldn’t work for everyone. So we came up with variations for different goals in the Brightfin app. Read more about alternatives to 50/30/20.
The Regular
Not sure where to start? The 50/30/20 Rule works well for most people.
The Debt Crusher
Don’t let debt weigh you down! Make a dent while savoring the small splurges.
The YOLO
Life is short! Make the most of it while still building a habit of regular saving.
The Wealth Builder
If cutting back is no biggie, optimizing for savings now could be a smart move.
In this economy?
Inflation won’t take a vacation, but that doesn’t mean you can’t!
The FIRE
Earn financial independence by supersaving until you hit your big number.