This 50-30-20 calculator splits your take-home monthly income into suggested spending in three areas: necessities, wants and savings.
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The online 50-30-20 calculator divides your monthly income into necessities, wants and savings. A classic rule of thumb is to split your monthly salary as follows:
Of course, the amount you’ll be able to put into these pots will differ based on your circumstances. If your spending doesn’t fit the rule, that’s okay – but it gives you a good goal to aim for.