How do I use the 50/30/20 budget calculator?

To use the 50/30/20 budget calculator, enter your monthly after-tax income. That’s the amount you receive each month from paychecks and other income sources after taxes have been deducted. Usually, after-tax income also reflects deductions for health insurance and any employer-sponsored retirement plan, like a 401 (k).

How do I use the 50/30/20 rule calculator?

Using the 50/30/20 rule calculator is entirely easy; all you need to do is enter your monthly after-tax income. Then, the calculator will tell you how to distribute your salary according to the 50/30/20 budgeting rule. You can use the 50/30/20 calculator backward as well.

How do I allocate my salary according to 50/30/20 rule?

According to the rule, you should allocate your salary as follows: (4500 × 20) / 100 = $900. How do I make a budget for a month according to 50/30/20 rule? To make a budget for a month according to the 50/30/20 rule, you need to allocate your after-tax salary to the following three categories: Spend 50% on necessities (things that you need).