Insert the information in the form and the calculator will determine the 50/30/20 rule.
What is the 50/30/20 rule calculator?
The 50/30/20 rule calculator is a tool that calculates the disposable income which is income after taxes into three categories: wants, needs, and savings.
How to calculate 50/30/20 rule?
To calculate 50/30/20 rule you should use the following formula:
necessities = monthly after taxi ncome * 0.5
wants = monthly after taxi ncome * 0.3
savings = monthly after taxi ncome * 0.2
Why use 50/30/20 rule calculator?
The 50/30/20 rule calculator is used in order to determine the disposable income into three categories: wants, needs, and savings.