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60/20/20 budget calculator
60% for essentials, 20% for wants and 20% for savings and extra debt payments.
| Bucket | Share | Per month | Per year |
|---|---|---|---|
| Needs | 60% | $2,400 | $28,800 |
| Wants | 20% | $800 | $9,600 |
| Savings & debt | 20% | $800 | $9,600 |
Want to plug in your real bills? Open the full budget calculator — it remembers your numbers.
How the 60/20/20 rule works
An adjustment of 50/30/20 that moves 10 points from wants to needs.
Good fit: Families and renters in expensive areas who still want to save 20%.
Questions people ask
What is the 60/20/20 budget rule?
60% for essentials, 20% for wants and 20% for savings and extra debt payments. An adjustment of 50/30/20 that moves 10 points from wants to needs.
How much is 60/20/20 on $4,000 a month?
Needs: $2,400, Wants: $800, Savings & debt: $800.
Who is the 60/20/20 rule for?
Families and renters in expensive areas who still want to save 20%.
60/20/20 or 50/30/20?
60/20/20 gives more room to essential costs than 50/30/20. If your needs fit in 50% of take-home pay, 50/30/20 leaves more for wants; if they don't, 60/20/20 is the more honest plan.