A Simple U.S. Budget That Actually Works
Published: 2025-08-05
Start with a monthly snapshot: take-home pay, fixed bills (rent/mortgage, utilities, insurance), and flexible spending (groceries, fuel). Use the 50/30/20 split: 50% needs, 30% wants, 20% savings/debt paydown. In high-cost cities, tilt to 55/25/20 for a while.
U.S.-specific examples
| Category | Example |
|---|---|
| Needs | Rent, utilities, car insurance, basic phone plan |
| Wants | Streaming bundles, dining out, hobbies |
| Savings | Emergency fund at a U.S. bank or credit union |
Automate transfers on payday and review your plan every quarter.