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50/30/20 calculator
Start with 50% of your take-home pay for needs, 30% for wants and 20% for savings or extra debt repayments. Then see how that split fits your costs.
How to read your split
The three amounts add up to your take-home pay. At $1,000 a week, the starting split gives $500 for needs, $300 for wants and $200 for savings.
List your actual costs under each allocation to compare them with the amount set aside. If needs take more than half your pay, try 60/20/20, 70/15/15 or drag the bar to make your own split.
Weekly, fortnightly and monthly views use 52, 26 and 12 periods a year. Amounts are AUD and rounded to cents. The split is an educational starting point, not a requirement or personal financial advice.
“Dave's numbers” loads the worked example from the 50/30/20 guide. Your entries stay in your browser.
Common questions
It is a starting split of take-home pay: 50% for needs, 30% for wants and 20% for savings or extra debt repayments.
List your costs and try a different split. The percentages are a starting point; the calculator lets you adjust them to match your circumstances.
Use pay after tax and deductions, in Australian dollars. The calculator converts weekly, fortnightly and monthly amounts using 52, 26 and 12 periods a year.