Split your take-home pay into needs, wants and savings — then let Hunch sort your real spending into the same buckets.
The 50/30/20 rule splits your monthly take-home pay into three simple buckets: 50% for needs, 30% for wants, and 20% for savings and debt repayment. It’s an easy framework to start with before you fine-tune categories to your own life.
Needs are essentials you can’t skip — rent, groceries, utilities, minimum debt payments, transport to work. Wants are the nice-to-haves like dining out, subscriptions and travel.
Saving and investing plus any extra debt payments beyond the minimums — emergency fund, retirement contributions, and paying down high-interest balances faster.
In high-cost areas that’s common. Treat 50/30/20 as a target: trim wants, then work on raising income or lowering fixed costs to move toward it over time.
Hunch groups your real spending into these buckets automatically and shows where you land each month, so the budget reflects your actual life.