Enter your take-home pay and see exactly how much should go to needs, wants, and savings.
The 50/30/20 rule is a simple budgeting framework in which you split your take-home pay into three buckets: 50% for needs (including your minimum debt payments), 30% for wants, and 20% for savings and extra debt payments.
Start with your monthly take-home pay - the amount that actually hits your bank account after taxes and payroll deductions. Then compare your current spending to the targets above. If your needs are well above 50%, you either need to reduce fixed costs or increase income. If your wants crowd out savings, that's the easiest place to redirect money.
The 50/30/20 rule is a great starting point for people who want a budget but don't want to track every transaction. It's less precise than envelope budgeting (which is what Breezy Budget is built around), but it gives you clear targets.
The 50/30/20 rule gives you targets. Breezy Budget gives you a system to hit them - envelopes, balances, confidence.
Create a Free Account