Needs are rent, bills, groceries, transport and minimum debt payments. Wants are eating out, hobbies and subscriptions. If your needs are above 50%, lower your wants first.
FAQ
How much should I save with the 50/30/20 rule?
With the default numbers above – Savings & debt payoff: ₹68,000.
Standard financial formulas (monthly compounding). Change any input to match your situation.