50/30/20 Budget

The classic budget rule: 50% needs, 30% wants, 20% savings.

Monthly Income ($)

50% — Needs

Rent, groceries, utilities, transport

$2,500.00

30% — Wants

Dining, entertainment, hobbies

$1,500.00

20% — Savings

Emergency fund, investments, debt payoff

$1,000.00