How much should my monthly expenses be?
Common rules of thumb, and a better way to judge your own numbers.
By the MonthlyIQ team · Last updated 2026-09-28 · Editorial policy
Key takeaways
- A popular guideline is 50% of take-home pay for needs, 30% for wants, and 20% for saving.
- The gap between income and spending — and whether it's growing or shrinking — tells you more than any percentage.
- MonthlyIQ's Monthly review compares expenses, actual spending, and income each month so you can see direction, not just a snapshot.
Rules of thumb
A popular guideline is 50% of take-home pay for needs, 30% for wants, and 20% for saving. It's a starting point, not a rule.
What matters more
The gap between income and spending — and whether it's growing or shrinking — tells you more than any percentage.
See your own trend
MonthlyIQ's Monthly review compares expenses, actual spending, and income each month so you can see direction, not just a snapshot. This is general information, not financial advice.
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General information only, not financial, tax, or legal advice. MonthlyIQ is not a bank or financial adviser.