50/30/20 Budget Calculator Kenya: Needs, Wants and Savings

50/30/20 budget calculator

Half for needs, 30% for wants, 20% for savings. Enter what you take home each month.

What your 20% can do

That's about KSh 333 a day.
In a year you'd have KSh 120,000 saved.
An emergency fund of three months' needs is KSh 75,000.
Saved as SACCO deposits for a year, many SACCOs would lend you up to three times that: about KSh 360,000. Each SACCO sets its own limit: compare them.

Make it a daily habit Save it automatically with M-Pesa

The daily habit keeps your streak and reminds you; M-Pesa M-Ratiba sends it to your SACCO by itself.

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Questions

What is the 50/30/20 rule?

A simple budget: half of your take-home pay for needs (food, rent, transport, bills), 30% for wants (outings, entertainment, travel) and 20% for savings and paying off debt.

What if my needs are more than 50%?

Many people in Kenya spend more than half on needs. Start with what you can save, even 10%, and raise it as your pay grows or costs fall. The habit matters more than the exact split.

Where should I keep the 20%?

Part in an emergency fund you can reach quickly, part in long-term savings. In a SACCO, regular deposits also grow how much you can borrow: many SACCOs lend three or four times your deposits.

Planning every expense for your family? Try the family budget planner. Borrowing? Use the loan calculator.

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50/30/20 budget calculator

What your 20% can do

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