50/30/20 Budget Calculator
A simple way to split your monthly pay — 50% needs, 30% wants, 20% savings. Enter your take-home income to see the amounts.
Use net (after-EPF/tax) income — check the salary calculator if unsure.
Rent, food, transport, bills, minimum debt payments
Dining out, subscriptions, travel, shopping
Emergency fund, investing, extra debt repayment
Frequently asked questions
What is the 50/30/20 rule?
It's a simple budgeting framework: put 50% of your take-home pay toward needs (rent, food, transport, bills), 30% toward wants (dining, subscriptions, travel), and 20% toward savings and extra debt repayment.
Should I use gross or net income?
Use net — your actual take-home after EPF, SOCSO, EIS and tax. If you only know your gross salary, run it through the salary calculator first.
What if my needs are more than 50%?
In higher-cost cities, needs often exceed 50%. That's fine as a starting point — the rule is a guide, not a law. Aim to keep the savings slice intact even if you trim wants to make room for essential needs.
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