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How to make a budget for a month according to 50/30/20?

To make a budget for a month according to the 50/30/20 rule, you need to allocate your after-tax salary to the following three categories: Spend 50% on necessities (things that you need). Spend 30% on wants (entertainment, shopping). Allocate 20% of your income for saving or making a loan payment.

How does the 50/30/20 calculator work?

Our 50/30/20 calculator divides your take-home income into suggested spending in three categories: 50% of net pay for needs, 30% for wants and 20% for savings and debt repayment. Find out how this budgeting approach applies to your money.

How does the 50/30/20 budget calculator work?

This budget calculator calculates your monthly budget based on income and expenditures, and compares the spending against the recommendations of the 50/30/20 rule. If expenditures are not provided, it will offer spending recommendations in accordance with the 50/30/20 rule.

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