Apply the 50/30/20 rule to your income: 50% needs, 30% wants, 20% savings.
Rent, groceries, insurance, utilities, minimum debt payments
Dining out, entertainment, subscriptions, shopping, travel
Emergency fund, retirement, investments, extra debt payments
Monthly Income
$5,000
Needs (50%)
$2,500
$30,000 per year
Wants (30%)
$1,500
$18,000 per year
Savings (20%)
$1,000
$12,000 per year
Connect your accounts to automatically categorize your spending and see how it compares to the 50/30/20 guideline.
Estimate your take-home pay after federal tax, state tax, Social Security, Medicare, and 401(k).
Add up all your subscriptions to see the true monthly, yearly, and 5-year cost.
Find out how long it takes to reach your savings goal with monthly contributions and interest.
