Quick Answer
Envelope budgeting divides cash into category envelopes. When an envelope is empty, stop spending in that category. Works great for discretionary spending.
Quick Template
Use the full Budget Split Calculator
This variant is a fast preset. Open the full tool to fine-tune inputs, explore more options, and share the result.
Budget Split Calculator
Split your income using the 50/30/20 rule or custom percentages
Needs
$0.00
Wants
$0.00
Savings
$0.00
About Envelope Budget Calculator
How to Use the Budget Calculator
- Enter your monthly after-tax income
- View the automatic 50/30/20 breakdown
- Customize percentages if needed
- See exact dollar amounts for each category
The 50/30/20 Breakdown
| Category | Percentage | Examples |
|---|---|---|
| Needs | 50% | Rent, utilities, groceries, insurance |
| Wants | 30% | Entertainment, dining, hobbies |
| Savings | 20% | Emergency fund, retirement, investments |
Example Budget
On $5,000 monthly income:
- Needs (50%): $2,500
- Wants (30%): $1,500
- Savings (20%): $1,000
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