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How detailed?

Recommended savings

per month

€600

€600

Following the 50/30/20 rule, split €3,000 like this: €1,500 for needs, €900 for wants and €600 for savings.

Recommended split

  • Needs€1,50050%
  • Wants€90030%
  • Savings€60020%

Recommendations

  • Great! Your savings rate meets or exceeds the recommendation.

How this was calculated

This popular budgeting method was popularized by Elizabeth Warren: 50% for basic needs, 30% for wants, 20% for savings.

  • 50% for needs: rent, insurance, groceries
  • 30% for wants: leisure, shopping, restaurants
  • 20% for savings: emergency fund, investments, retirement provision

The 50/30/20 rule is a guideline, not a strict rule. Adjust the distribution to your life situation. In expensive cities, rent alone can make up 40%+.

Household Budget Calculator by Rechnerzentrale(opens in a new tab)