Budget Planner (50/30/20 Rule)

Plan your monthly budget using the 50/30/20 rule. Track income vs expenses across needs, wants, and savings to identify where your money is going.

Monthly Budget Planner

Track income vs expenses using the 50/30/20 rule

Net monthly income Rs 75,000
Rs
Rent / Home EMI Rs 18,000
Rs
Food Rs 8,000
Rs
Transport Rs 4,000
Rs
Utilities Rs 3,000
Rs
Other EMIs Rs 8,000
Rs
Insurance Rs 2,000
Rs
Dining / entertainment Rs 3,000
Rs
Shopping Rs 3,000
Rs
Subscriptions Rs 1,000
Rs
Monthly savings Rs 10,000
Rs
Monthly investments (SIP) Rs 5,000
Rs
Monthly surplus
---
income minus all outflows
Savings rate
---
target 20%+
Needs share
---
target max 50%
Income---
Total needs---
Total wants---
Savings + investments---
Surplus / deficit---
Needs vs Wants vs Savings
Needs: ---
Wants: ---

Estimates for personal financial planning. Consult a financial advisor for personalised advice.

Monthly spend by category
💡
ThriftRupee Insight

The 50/30/20 rule is a starting framework, not a rigid law. Indians typically need 60-65% for needs (rent is expensive in metros), leaving less for wants and savings. The real goal: spend less than you earn and save at least 20% of take-home. If you cannot save 20%, the budget is broken — not your savings goal. Find the expense category that is oversized and cut it, not your savings.

Monthly Budget Planner — 50/30/20 Rule

The 50/30/20 rule allocates 50% to needs, 30% to wants, and 20% to savings. Use this planner to identify your biggest spending categories and find where to cut to boost your savings rate.

Frequently asked questions

What is the 50/30/20 budget rule?▼
50% of after-tax income goes to Needs (rent, food, utilities, minimum loan payments, insurance). 30% to Wants (dining out, entertainment, subscriptions, travel). 20% to Savings and investments (emergency fund, SIP, debt repayment beyond minimum). Adjust percentages based on your city and life stage — high-rent metros may need 60/20/20.
How do I make a zero-based budget?▼
In a zero-based budget, every rupee of income is assigned a purpose so income minus expenses equals zero. List all income, then list all expenses (including savings as an expense), and balance until zero. This forces intentional allocation and eliminates "phantom spending" — money that disappears without clear purpose.
What is a good savings rate for an Indian earning Rs 50,000/month?▼
Aim for at least 20% (Rs 10,000/month) at minimum. Ideally 30-40% if you are in your 20s or 30s with few obligations. Rs 10,000/month invested in index funds from age 25 at 12% CAGR grows to Rs 3.5 crore by age 60. The savings rate, more than the investment return, determines financial independence timeline.

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