See how your budget stacks up to our 50/15/5 Guide.

50/15/5 It's a simple rule of thumb

See how your actual savings and spending compares with our guidelines.
50% Essential Expenses 15% Retirement Savings 5% Short-term Savings
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Tell us a little bit about yourself.

(Don't worry - we'll keep your info safe, and won't share it with anyone. We just need these answers to evaluate your budget.)
(Before taxes and deductions.)
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Next

What are your essential monthly expenses?

Mortgage, rent, utilities (including cell phone charges), etc.
Takeout or restaurant meals don't count.
Out-of-pocket expenses for prescriptions and co-payments.
Car loans, gas, parking, etc.
Day care, tuition, and fees.
Credit card payments, student loans, life insurance, etc.
$0
Next

What percentage of your paycheck are you putting away for retirement?

This includes monthly contributions to 401(k)s by you and your employer, IRAs, or any other retirement accounts.
Next

Let's talk about your short-term savings.

(3-6 months of essential living expenses.)
(Non-emergencies like weddings or buying a new cell phone.)
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Your Results

Great job! Looks like your essential expenses are within the the 50% target.

Looks like you're spending a little too much on essential expenses. Below are some ways to cut back.

Monthly Essential Expenses

(Estimated after-tax income of /mo.)

Your Essential Expenses

50%

Recommended
Next

Great job! You're well on your way to saving for retirement.

You may want to try saving just a little bit more. We know it's not easy, but every dollar counts.

Retirement Savings

(Based on pretax income of /mo.)

Your Retirement Savings

15%

Recommended
Next

Great job! Looks like your short-term savings are within the 5% target.

Looks like you could be putting a little more money aside for short-term savings. Below are some ideas.

Short-term Savings

(Estimated after-tax income of /mo.)

Your Short-term Savings

5%

Recommended

Savings tips:

  1. Shop around for the best possible utility rates.
  2. Have a game plan when you go to the grocery store to avoid impulse purchases.
  3. Take public transportation to work to cut back on gas.

Savings tips:

  1. Meet your employer match first (You don't want to leave "free" money on the table.)
  2. Increase your contribution by 1% each year. (Some employers offer programs that do this automatically.)
  3. Allocate part of your raise or bonus to retirement savings.

Savings tips:

  1. Fidelity recommends putting 3-6 months of savings aside for emergencies.
  2. Already have an emergency fund? Consider putting the cash away for other expenses, like weddings and other one-off expenses.
  3. Resist the temptation to fund these types of expenses with credit cards.