What is the 50/30/20 budget rule?

50% of income for needs (rent, food, bills), 30% for wants (entertainment, dining), 20% for savings and investments.

How much should rent be of income?

Ideally, rent should not exceed 30% of your gross monthly income. In expensive cities, 35-40% may be necessary.

3-6 months of monthly expenses. If self-employed or sole earner, aim for 6-12 months.

Create and manage your monthly budget. Allocate income across needs, wants, savings, and investments.

Monthly Income (₹)

Rent/Housing (%)

Savings Target (%)

Monthly EMI

\u20b93,207

Total Interest

\u20b914,147

Total Payment

\u20b964,147

What is the 50/30/20 budget rule?: 50% of income for needs (rent, food, bills), 30% for wants (entertainment, dining), 20% for savings and investments.
How much should rent be of income?: Ideally, rent should not exceed 30% of your gross monthly income. In expensive cities, 35-40% may be necessary.
How much emergency fund do I need?: 3-6 months of monthly expenses. If self-employed or sole earner, aim for 6-12 months.