Read Learn Tools Newsletter Get Weekly Insights
← All Tools
💰 Free Tool

Budget Planner (50/30/20)

The simplest budget that actually works. Needs. Wants. Savings. Enter your income and get your numbers instantly.
Your Monthly Income
Enter your take-home pay after tax.
Monthly Net Income (KES / USD)
Your 50/30/20 split:
50% — Needs
---
Rent, food, transport, utilities, insurance — things you must pay.
30% — Wants
---
Dining out, entertainment, subscriptions, shopping — things you enjoy.
20% — Savings & Wealth
---
Emergency fund, investments, debt repayment — your future self.
Why 50/30/20?
The 50/30/20 rule was popularized by US Senator Elizabeth Warren. It is simple enough to actually stick to, flexible enough to work on any income, and powerful enough to build real wealth over time.
The rules
✓Never let needs exceed 50% — if they do, cut or earn more
✓Wants are not bad — they make the plan sustainable
✓The 20% savings is non-negotiable — pay yourself first
✓Automate transfers on payday so the money never touches your hands
"Do not save what is left after spending. Spend what is left after saving."
— Warren Buffett