Search
JOIN US
When money feels overwhelming, balance brings peace. Learn how to build a budget that works for your life—and get expert help if you need it.
The 50/30/20 rule separates your income into three simple categories:
- 50% Needs — housing, groceries, transportation
- 30% Wants — entertainment, dining out, subscriptions
- 20% Savings — emergency fund, debt repayment, retirement
It’s a flexible, beginner‑friendly way to understand where your money goes and find balance.
If you’d like a guided starting point, download our Budget Builder handout to help organize your categories before you start tracking.
Not every expense fits neatly into one category—and that’s okay.
Some costs, like your phone or car, can be split between needs and wants.
Focus on progress, not perfection.
Track your spending for at least two months using the method you’re most comfortable with:
- Monthly budget worksheet
- Budgeting app
- Spreadsheet
- Online banking tools
Compare your monthly spending to your 50/30/20 totals. If they don’t match right away, start making small shifts to better align over time.
If your spending doesn’t fit the 50/30/20 split, don’t stress. You can:
- Reduce spending
- Increase income
- Adjust percentages to fit your goals
Budgeting is a practice—not a pass or fail test.
Budgeting can feel overwhelming—but you don’t have to do it alone.
Our financial experts are ready to help you create a plan that fits your life and goals.