60/30/10 Budget Calculator

The 60/30/10 rule is the trending update to the classic 50/30/20 budget: put 60% of your after-tax income toward needs, 30% toward wants, and 10% toward savings and debt payoff. Enter your monthly income to get your exact dollar targets for each bucket — then optionally enter what you actually spend to see where you stand. Everything runs in your browser.

Monthly after-tax income ($)

My actual spending on needs ($, optional)

My actual spending on wants ($, optional)

My actual savings + debt payments ($, optional)

Frequently Asked Questions

What is the 60/30/10 budget rule?

It splits your after-tax income into three buckets: 60% for needs (housing, food, bills, transport, insurance, minimum debt payments), 30% for wants (dining out, entertainment, hobbies, shopping), and 10% for savings and extra debt payoff. It is a simplified, aggressive-spending-friendly update to the older 50/30/20 rule.

How is 60/30/10 different from 50/30/20?

The classic 50/30/20 rule allows 50% for needs and 20% for savings. The 60/30/10 version reflects today's reality — housing and essentials cost more, so it gives needs 60% and trims the savings target to 10%. If you can save more than 10%, do it; the rule is a floor, not a ceiling.

Is 10% savings enough?

For many people, no — financial planners often recommend 15–20%. Treat 10% as the minimum. If your needs genuinely fit in 60%, push extra dollars into the savings bucket before upgrading your wants.

What counts as a "need" vs a "want"?

Needs keep a roof over your head and the lights on: rent or mortgage, utilities, groceries, transport to work, insurance, minimum loan payments. Wants are everything else you choose: restaurants, streaming, travel, new clothes beyond basics. When in doubt, ask: would skipping it for a month cause real harm?

Should I use gross or after-tax income?

After-tax (take-home) income — the money that actually lands in your account. Using gross income inflates every bucket and the budget will not match reality.