How this works
This follows the well-known 50/30/20 rule — 50% of income to needs (rent, groceries, bills), 30% to wants (everything discretionary), and at least 20% to savings and debt repayment — showing where your actual entered numbers sit against those benchmarks rather than enforcing them.
Common questions
Is 50/30/20 the "correct" way to budget?
It's a popular, simple starting rule, not a rigid law — high-cost-of-living areas often push needs well above 50%, and someone aggressively saving might push the savings share above 20%. Use it as a reference point, not a strict requirement.
What counts as a "need" versus a "want"?
There's some judgment involved — rent and groceries are needs, but a big grocery upgrade to premium brands leans toward want. The categories are meant as a rough guide; the specific split is up to how you classify your own spending.