Salary budget planner (free): split your take-home pay and plan an emergency fund
The short answer
Budget a salary from take-home pay, not gross. Move savings out on payday first, cover fixed needs, and give wants whatever is left. The 50/30/20 rule (needs, wants, savings) is a benchmark, not a law. Build an emergency fund of three to six months of needs before investing for the long term.
| Savings each month | ₹10,000 |
|---|---|
| Needs | ₹22,000 (44% of take-home) |
| Left for wants | ₹18,000 |
| 50/30/20 benchmark | Needs ₹25,000 · Wants ₹15,000 · Savings ₹10,000 |
| Emergency fund target | ₹1,32,000 |
| Months to reach it | 14 months at this savings rate |
A planning aid, not financial advice. Figures stay in your browser.
How the planner works
Savings are taken first, needs next, and wants get the rest:
- Savings = take-home × your savings rate.
- Wants = take-home − needs − savings.
- 50/30/20 benchmark = 50% needs, 30% wants, 20% savings of take-home.
- Emergency fund target = monthly needs × the months you choose (3 to 6 is common).
- Months to reach it = (target − what you have) ÷ monthly savings.
Make the plan stick
Automate the savings transfer for payday, track spending for one month to find leaks, and review the plan when your pay or rent changes.
Questions people ask next
What is the 50/30/20 rule?
A simple benchmark that spends 50% of take-home pay on needs, 30% on wants and saves 20%. In high-rent cities needs often exceed 50%; keep the savings share fixed and trim wants.
How big should an emergency fund be?
Three to six months of essential spending is the usual guide; closer to six if your income is variable or you support others.
Should I budget on gross or take-home salary?
Take-home. Tax and deductions never reach your account, so planning on gross overstates what you can spend.
Does the planner store my numbers?
No. Everything runs in your browser.