Needs vs Wants Calculator
Score and categorize your expenses into needs, wants, and savings. See how your spending compares to the 50/30/20 guideline.
Inputs
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$
$
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Results
Total Needs
$2,550
Total Wants
$730
Needs % of Income51%
Wants % of Income14.6%
Savings Remaining$1,720
Needs-to-Wants Ratio3.49:1
How to Use This Calculator
- Enter Monthly Income, Housing, and Utilities.
- Set Groceries, Transportation, and Insurance.
- Adjust Dining Out, Entertainment as needed.
- Review Total Needs ($) and Total Wants ($).
- Use Needs % of Income and Wants % of Income to inform your decision.
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