Budgeting Methods · 50/30/20

50/30/20 Rule: 50% needs, 30% wants, 20% savings.

Balanced starting point when essentials fit near half of income. See Moroccan salary examples and how SmartJib calculates it automatically.

What is 50/30/20?

Needs 50%, wants 30%, savings 20%. Popularized by Senator Elizabeth Warren, it's a simple baseline: cover essentials with half, enjoy life with 30%, save 20%. In SmartJib, pick it during onboarding — needs/wants/savings caps are calculated automatically.

Example: 12,000 MAD salary → Needs 6,000 MAD, Wants 3,600 MAD, Savings 2,400 MAD. Adjust caps per category: rent, groceries under needs; dining out under wants.

When it fits

Best if essentials are near 50% of take-home. If rent alone is 60% in Casablanca, consider envelope budgeting 55/35/10 or zero-based.

Related guides

Budgeting Methods · 50/30/20

50/30/20 Rule: 50% needs, 30% wants, 20% savings.

Balanced starting point when essentials fit near half of income. See Moroccan salary examples and how SmartJib calculates it automatically.

What is 50/30/20?

Example: 12,000 MAD salary → Needs 6,000 MAD, Wants 3,600 MAD, Savings 2,400 MAD. Adjust caps per category: rent, groceries under needs; dining out under wants.

When it fits

Best if essentials are near 50% of take-home. If rent alone is 60% in Casablanca, consider envelope budgeting 55/35/10 or zero-based.