Salary Budget Calculator
Enter your monthly take-home salary and see the popular 50/30/20 split in rupees: 50% for needs, 30% for wants and 20% for savings. Add your preschool fee to see what share of your income it takes - useful when comparing schools during admissions.
Enter your monthly take-home salary to see the classic 50/30/20 split - needs, wants and savings. Add the preschool fee to see what share of your income it takes.
Parents also ask
What is the 50/30/20 rule?
A simple budgeting guideline: put 50% of take-home pay towards needs (rent, groceries, school fees, transport), 30% towards wants (eating out, trips, subscriptions) and 20% towards savings and investments.
How much of my salary should go to preschool fees?
There is no fixed rule, but many financial planners suggest keeping all school costs per child under about 10% of household take-home pay. A ₹8,000 monthly fee on an ₹80,000 take-home is right at that line - anything much higher squeezes the rest of the budget.
Does the 50/30/20 rule work in Indian metros?
It needs adjusting. In cities like Mumbai, Bengaluru or Gurugram, rent alone can eat 30-40% of take-home pay, pushing needs past 50%. Treat the split as a starting point and trim the wants bucket first, not savings.
Where do school fees fit in the split?
In the needs bucket, along with rent, groceries and transport. One-time costs like admission fees and annual kits are also needs - divide them by 12 and add them to the monthly fee to see the true monthly cost.