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Budget calculator
A simple split that works for most salaries: half for needs, under a third for wants, and at least a fifth saved first.
The 50/30/20 rule
- Needs, 50%: rent or EMI, groceries, utilities, transport, insurance, school fees.
- Wants, 30%: eating out, shopping, travel, subscriptions.
- Savings, 20%: SIPs, emergency fund, extra loan payments.
On ₹80,000 take-home, that is ₹40,000 for needs, ₹24,000 for wants and ₹16,000 saved. In expensive cities needs often run above half; then cut wants rather than savings.
Making it stick
Automate the savings on salary day with a SIP or standing instruction, so you spend what is left rather than save what is left. Use UPI spending summaries to check the wants line once a month.