Budget Splitter
50/30/20 rule budget breakdown
Income
The classic budgeting rule
Needs (50%)$2,500/mo
Rent, food, utilities, transport, insurance
Wants (30%)$1,500/mo
Dining out, entertainment, subscriptions, hobbies
Savings (20%)$1,000/mo
Emergency fund, investments, retirement, debt payoff
Annual income: $60,000 → Savings: $12,000/yr