Free toolsBudget Planner
Free tool
Budget Planner
Split your take-home pay into needs, wants and savings, and see how your spending compares.
Your figures
£
After tax, National Insurance and pension.
%
%
%
Needs are rent or mortgage, bills, food and minimum debt payments. Wants are everything you could cut back.
£
Optional. Leave both at £0 to see the plan on its own.
£
To save each month
£560.00
£1,400.00 for needs and £840.00 for wants. That is £6,720.00 saved over a year.
The working
£2,800.00 a month split 50/30/20
| Each month | |
|---|---|
| Needs: 50% | £1,400.00 |
| Wants: 30% | £840.00 |
| Savings and extra debt payments: 20% | £560.00 |
| Take-home pay | £2,800.00 |
| Savings over a year | £6,720.00 |
How to read it
- 50/30/20 is a starting point. Where rent or a mortgage takes more than half, a 60/20/20 or 70/20/10 split is often more realistic.
- Savings here includes paying off debt faster than the minimums, and building an emergency fund.
- Figures are rounded to the penny, with savings taking any odd penny so the split adds back to your pay.
What it does
Enter your monthly take-home pay and a split, 50/30/20 to start. It shows what goes to each, what you would save over a year, and how what you spend now compares with the plan.
Against your own numbers
An estimate is useful. Running it against your real accounts is better, and takes about ten minutes.