Monthly Budget Planner UK (50/30/20)
Plan your monthly budget with the 50/30/20 rule — 50% needs, 30% wants and 20% savings. Enter your take-home pay and optionally your actual spending to see how your budget compares to the targets.
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What this means
The 50/30/20 rule is a simple budgeting framework: aim to spend about 50% of your take-home pay on needs, 30% on wants and 20% on savings and debt repayment. It's a starting point you can adapt to your situation.
Frequently asked questions
It splits your after-tax income into three buckets: 50% for needs (rent, bills, food), 30% for wants (eating out, hobbies) and 20% for savings and extra debt repayments.
Use your take-home pay — the amount after tax and National Insurance that actually reaches your account — as the basis for the 50/30/20 split.
In high-cost areas, needs often exceed 50% and that's normal. Treat the percentages as a guide: keep wants in check and protect your savings rate as much as you can.
Disclaimer
This calculator provides estimates for guidance only. It is not financial, legal or tax advice. Always check official sources or speak to a qualified professional before making decisions.
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