Monthly budget calculator
Enter your monthly take-home pay. Half goes to needs, thirty percent to wants and twenty percent to savings and paying off debt.
- Needs
Rent, bills, groceries, transport
- Wants
Eating out, shopping, trips
- Savings and debt
Savings goals and extra payments
What is the 50/30/20 rule?
It's a simple way to start a budget. Fifty percent of what you take home covers the things you must pay, thirty percent the things you choose, and twenty percent goes to savings and paying down debt.
When to change the numbers
If rent alone takes half of your income, the rule is a starting point, not a verdict. Move the split to fit your life, and pay off high-interest debt first.
Make it automatic
In Spendry each category gets a monthly budget that fills as you spend, with a warning before you go over.
More guides
How to make a monthly budget that works
A simple way to build a monthly budget: start from your income, cover needs first, set limits for spending and save before you spend.
Debt snowball vs. avalanche: which one should you use?
The snowball pays the smallest balance first, the avalanche the highest rate. See how they differ, which saves more interest and how to follow either one.
How to pay off credit card debt faster
Practical steps to pay off credit card debt faster: pay more than the minimum, aim extra money at the highest rate, never pay late and stop new balances.