The 50/30/20 Budget Calculator is a simple yet powerful tool designed to help you divide your monthly income into three essential categories: needs, wants, and savings or debt repayment. Based on the 50/30/20 budgeting rule, this calculator automatically allocates 50% of your income to necessities like rent and groceries, 30% to discretionary spending such as entertainment or dining out, and 20% toward financial goals like saving or paying off debt. It offers a quick and visual way to understand how your money should be distributed, making it easier to create a balanced, sustainable budget that supports both your lifestyle and long-term financial health.