Income split planner: give every part of your salary a job
IncomeWise splits your income into four shares — needs, lifestyle, savings and investments — and turns that split into money: what each share is worth this month, how much of it you have spent so far, and what each spending category should get. Start from 50/20/20/10, the classic 50/30/20 rule, or your own real split.
What you get
Your split, in money
Set the percentages once and the budget page shows each share in your currency, against what you have actually spent this month.
Presets or your real numbers
Balanced (50/20/20/10), the 50/30/20 rule, a fast-saver split — or "use my real split", calculated from how you actually spent the last three months.
Budgets planned inside it
Suggested budgets for each category are fitted inside your lifestyle share, and trimmed if a savings-goal deadline needs the money.
Feeds your savings goals
The savings share sizes the amount suggested when you fund a goal.
How it works
- 1
Open Settings and choose a split, or tap "use my real split".
- 2
See what each share is worth on the budget page, against this month’s spending.
- 3
Accept the suggested budget for each category with one tap.
Why split your income at all
An income split decides, before the month starts, how much goes to essentials, how much is free to spend, and how much is kept. Without one, savings are whatever is left at the end of the month — usually nothing.
The 50/30/20 rule (50% needs, 30% wants, 20% savings) is the best-known split. IncomeWise adds a fourth share for investments and lets you set any split that adds up to 100%.
Plan from what really happens
A split you cannot live on helps nobody. IncomeWise shows your actual split over the last three months next to your plan, and warns you when essentials alone already exceed the needs share — a sign the plan, not you, needs to change.
Frequently asked questions
What is an income split planner?
A tool that divides your income into shares — such as needs, lifestyle, savings and investments — so every part of your salary has a purpose before you spend it. IncomeWise turns the split into monthly amounts and category budgets.
Does IncomeWise support the 50/30/20 rule?
Yes. It is one of the built-in presets, alongside a balanced 50/20/20/10 split and a fast-saver split. You can also enter any split that totals 100%.
Is the income split planner free?
Yes. Setting your split, the monthly plan and the suggested budgets are part of the free plan.
Related guides
More features
Use the income split planner free
Free forever for the essentials. No card, no bank login.