50/30/20 is a popular starting point: half of take-home pay for needs, 30% for wants, 20% for savings and extra debt payments. For a lot of households in their 40s, it doesn't fit. Housing costs more than it used to, there may be a parent to help, and "wants" can include things that feel very much like needs, such as the only holiday you take all year.
So this calculator lets you change the percentages. It's more useful to see your real split, and decide whether you're happy with it, than to chase someone else's formula.
Your month
Needs or wants? The awkward middle
Some spending sits in between: a cleaner because you work long hours, help for a parent, the gym that keeps you sane. There's no rule. Put each item where it honestly belongs for you, and be consistent from month to month, so you can see whether things are moving in the right direction.
Questions people ask
Is 50/30/20 a rule I should follow?
It's a common rule of thumb, not a requirement. Many people adjust it to their housing costs, family situation and goals.
Where do debt payments go?
Minimum payments are usually counted as needs. Anything above the minimum can go in savings & extra debt payments.
Sources
Keep going
What does cutting back for care really cost?
Estimate the pay and pension contributions you'd give up by cutting back for care.
An emergency fund for the sandwich years
Size an emergency fund that includes help you might give a parent at short notice.
How long could you step away?
Work out how many months your savings would last if you took a break to change direction.
