Monthly Savings Calculator

The 50/30/20 Method

When using this 50/30/20 budgeting system, every dollar of your after-tax income is allocated to a specific purpose. To start, allocate 50% of your budget to necessities such as housing, insurance, and transportation. From there, 30% of your income goes toward wants. This would be eating out, shopping, traveling, and more. Finally, 20% of your income goes toward savings and/or debt. This rule is intended to help individuals manage their income, with a primary goal of consistently being able to pay your bills while adding to savings or paying down debt.

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Savings and debt repayment


High Interest Savings

Earn 5.00% APY* on balances up to $2,500 each month.

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This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.