The 50/30/20 Rule, Automated

Your paycheck on autopilot

Stop doing percentage math every payday. Set up your 50/30/20 split once, and MyKasa automatically routes every dollar to the right bucket. Needs covered, savings growing, guilt-free spending unlocked.

Set Up Your 50/30/20 Budget in 2 MinutesSee how it works
Free forever plan
No bank connection required
Customize your split

See it in action

Every paycheck, perfectly split

Watch how MyKasa automatically divides your income into three smart buckets. No calculators, no guesswork, no stress.

Your Paycheck
$5,000
50%
Needs
$2,500
Rent & bills
Groceries
Insurance
Min. debt payments
30%
Wants
$1,500
Dining out
Entertainment
Subscriptions
Shopping
20%
Savings
$1,000
Emergency fund
Retirement
Debt payoff
Future goals
Automatic split every payday

The 50/30/20 Rule

A simple framework that actually works

Created by Senator Elizabeth Warren, the 50/30/20 rule is one of the most popular budgeting methods. MyKasa makes it effortless.

50

Needs

Essential expenses you cannot avoid. The foundation that keeps your life running.

Housing
Rent or mortgage payments
Utilities
Electricity, water, internet
Food
Groceries and essentials
Transportation
Car payment, gas, transit
Insurance
Health, auto, life
Minimum debt payments
Student loans, credit cards
30

Wants

The fun stuff that makes life enjoyable. Spend guilt-free once Needs and Savings are funded.

Dining out
Restaurants and coffee shops
Entertainment
Movies, concerts, hobbies
Shopping
Clothes, gadgets, treats
Subscriptions
Streaming, apps, memberships
Vacations
Travel and getaways
Upgrades
Nice-to-haves and splurges
20

Savings

Building your future and paying down debt. Pay yourself first, every single time.

Emergency fund
3-6 months of expenses
Retirement
401k, IRA, investments
Extra debt payments
Above minimums
Big purchases
Car, home, education
Life goals
Wedding, house, business
Peace of mind
Financial cushion

How it works

Three steps to autopilot budgeting

Set it up once, then let MyKasa handle the math every payday. No spreadsheets, no stress.

01

Add your income

Tell MyKasa your monthly income. Multiple jobs? No problem. Add all your income sources and when they arrive.

02

Set your percentages

Choose 50/30/20 or customize your own split (60/20/20? 40/40/20? You decide). MyKasa creates three smart buckets for you.

03

Spend with confidence

Every payday, MyKasa shows you exactly how much goes into each bucket. Your Wants bucket? 100% guilt-free spending money.

Ready to automate your budget?

Get started free

Spend your Wants bucket without guilt

Once your Needs are covered and your Savings are funded, your Wants bucket is 100% yours. No guilt, no second-guessing, no spreadsheet check. Just enjoy your money.

Essentials covered
Bills paid on time
Future secured
Savings growing
Freedom unlocked
Guilt-free spending
Flexible by design

Not feeling 50/30/20? Adjust to fit your life

The 50/30/20 rule is a great starting point, but your life is unique. Maybe you need 60% for needs in a high-cost city. Or want to save 30% for early retirement. MyKasa adapts to any split that works for you.

High cost of living?
Try 60/20/20 to cover higher needs
Aggressive saver?
Go 50/20/30 or even 40/30/30
Paying off debt?
Bump savings to 30% temporarily
Your way, always
Change your split anytime as life evolves

Popular splits

Classic 50/30/20Most popular
50%
30%
20%
High cost of livingUrban areas
60%
20%
20%
Aggressive saverFIRE focused
50%
20%
30%
Balanced lifestyleMore flexibility
40%
40%
20%

Or create your own custom split in the app

Ready to put your budget on autopilot?

Join thousands of households who have simplified their finances with automated 50/30/20 budgeting.

Set Up Your 50/30/20 Budget in 2 Minutes

Free forever plan. No credit card required. No bank connection needed.