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Budget planner (50/30/20)

Repo-linked (EBLR): your rate rises by the same 0.25% at the next reset date, unless your lender holds back some of it. Resets happen at least once every three months, so expect the change within about three months of 7 October.
MCLR-linked: your lender's own cost of funds drives the rate and it resets on its own date, often every six or twelve months. The effect arrives later and may be smaller. Our guide to [[blog:eblr-vs-mclr-home-loan|EBLR and MCLR]] explains the difference.
Fixed rate: nothing changes until the fixed period ends.

Compare what you spend with the 50/30/20 guide: half for needs, 30% for wants, 20% for savings and debt.

A guide, not a rule. High housing costs can make 50% needs unrealistic.

Common questions

Is 50/30/20 realistic?

It is a guide. If housing costs are high, needs may be above 50%, so trim wants first.

What counts as savings?

Saving, investing and extra debt payments beyond the minimum.