Budget Planner
Plan your monthly budget with the 50/30/20 rule.
2026 Tax YearData stays on your deviceUpdated Apr 1, 2026
$
Monthly Expenses
$
$
$
$
$
$
$
$
Monthly Surplus
$1,000.00
Available for savings/investing
50/30/20 Analysis
66%
20%
Needs: 66%Target: 50%
Wants: 8%Target: 30%
Savings: 20%Target: 20%
Total Expenses
$4,000.00
Savings Rate
20.0%
On track!
Frequently Asked Questions
What is the 50/30/20 rule?
50% of after-tax income goes to needs (housing, food, utilities), 30% to wants (entertainment, dining out), and 20% to savings/debt repayment. It is a guideline — adjust based on your cost of living.
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Built and reviewed by Konstantin Iakovlev · Data from CRA, CMHC, Bank of Canada · MethodologyDisclaimer: This calculator provides estimates based on publicly available data from CRA and other government sources. It does not constitute financial advice. Consult a qualified advisor for decisions about your specific situation.
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