70/20/10 Rule Money Calculator

The 70/20/10 rule money calculator is the easiest way to apply the 70/20/10 money rule to your finances. Use this budget calculator 70/20/10 to split your income into three clear categories and easily create a balanced financial plan.

This simple method allocates 70% of your income to essential expenses, 20% to savings or debt repayment, and 10% to lifestyle or discretionary spending. It’s ideal for anyone looking for a smarter way to budget.

With our smart income split calculator, you don’t need to worry about complex spreadsheets or calculations. Just enter your income, and we’ll do the rest.

Using our 70/20/10 rule money calculator is simple and intuitive. The tool automatically splits your income into three key categories based on the 70/20/10 money rule — no manual math needed.

1. Select your income frequency—Use the radio buttons to select whether you want to enter your monthly or annual income.

2. Enter your after-tax income — This is your take-home pay after taxes and deductions.

3. Review your results — The calculator will instantly divide your income into:

   • 70% for needs – Housing, food, bills, transportation, and other essentials;

   • 20% for savings or debt – Emergency funds, investments, and loan repayments; and

   • 10% for lifestyle – Hobbies, entertainment, personal spending, and more.

The calculator works in all directions: enter any one of the output fields (e.g., how much you want to spend on savings), and the others will update automatically to maintain the 70/20/10 balance. When you click on the Essential costs by category checkbox, you'll see a list of categories — housing, food, transportation, utilities, and insurance — along with the suggested spending amounts for each. These amounts are calculated based on your income to help you stay within the 70/20/10 budgeting rule.

Whether you’re using this 70/20/10 rule money calculator for monthly or yearly planning, it adapts to your preferences and keeps your budget aligned with the rule.

Want to explore a different budgeting method? Try the 50/30/20 rule calculator, which splits income into needs, wants, and savings.

The 70/20/10 money rule is a simple way to allocate your earnings effectively. Here’s how you can calculate it yourself:

1. Take your total monthly income (or yearly income).

2. Multiply it by 0.7 to get your essential expenses amount:

   needs = income × 0.7

3. Multiply it by 0.2 to determine your savings and debt payment amount:

   savings = income × 0.2

4. Multiply it by 0.1 to find out your fun and discretionary spending:

   investments = income × 0.1

Rather than doing the math manually, use our 70/20/10 budget calculator to get instant results and plan your finances effortlessly!

Try our annual income calculator to see how your income is on an annual basis.

The 70/20/10 rule budget calculator is perfect for anyone looking for a structured yet flexible money management system. Here’s why it works:

• Easy to follow — Simple percentages make budgeting straightforward.

• Balances needs and wants — Covers essentials while still allowing savings and personal spending.

• Works for any income level — Whether you earn $1,000 or $10,000,000, the rule adjusts to your financial situation.

If you’re looking for a budgeting calculator that helps with income splitting, this tool is your best choice.

It allows you to:

• Quickly calculate your essential expenses, savings, and discretionary spending;

• Adjust between monthly and yearly income for flexible financial planning;

• Enjoy a simple income split calculator, great for anyone looking to manage finances with ease; and

• Follow the 70/20/10 money rule, a proven budgeting strategy.

If you’re managing business finances, our business budget calculator can assist in planning and tracking expenses.