![]() The remaining 20% for savings and extra debt payments should include saving for retirement and boosting your emergency fund. Your “wants” might consist of streaming plans and date nights. The 50/30/20 rule divides your cash into one of three categories:Įxamples of your “needs” include your minimum monthly loan payments, insurance and living expenses. You’re also more likely to be able to afford a one-time financial surprise or temporary pay cut without going into debt. Only spending half of your income on needs means you’re not living paycheck to paycheck. The “50/30/20 rule” encourages you to only spend half of your monthly income on necessary expenses. ![]() Most budgeting templates are a zero-sum budget where you assign a budget category for each dollar you earn. You can modify the income and expense categories to fit your personal spending plan.Ĭheck out our Free Budget and Financial Planning Printables as well. Expenses – Groceries, giving, “His” and “Her” spending, vehicle and gas, etc.Housing expenses – Mortgage/rent, utilities, internet, insurance, etc.Income – You and your spouse’s (if applicable) monthly salary.The Starter Budget takes a monthly look at these categories: You can open the Starter Budget in Microsoft Excel or Google Sheets. Using Well Kept Wallet’s own Starter Budget is free and saves you time. The digital alternative is manually logging each transaction into your spreadsheet.īuilding your own template can be effective, but it’s easy to overlook certain expenses. The simplest budget is writing your income and expenses on a piece of paper. These complex budgeting templates are “too smart.” So go ahead and download your chosen template now! If you want to use similar products, check out our Blank Spreadsheets and Budget Templates for starters.You may only need a basic budget template that lets you quickly compare your income and monthly expenses.Īdvanced spreadsheets may require too much effort to update or can be confusing to navigate. With all of our features, money management has never been easy! You can create a budget spreadsheet that is so convenient for you to use. Another great feature is that our templates are compatible with the latest devices, so you can check your budget spreadsheet on your phone or computer whenever you like. You also don’t have to start writing everything from scratch as our templates have pre-written content prepared. You can even use colors and shapes to highlight numbers and details to make it easy to remember information. You have many options on how to design your budget spreadsheet. Whether you are a student who is tracking personal allowances or a travel company listing the budget for a marketing event, we got it for you! ![]() ![]() We have all kinds of templates suited for specific needs. Have an easy time managing expenses with the help of our budget spreadsheet templates available on Google Sheets. If you are searching for a way to make one without much difficulty then you are in the right spot! With it, you can have a reliable tool to help you with your Financial Reports. That's where a budget spreadsheet comes in. It is important to note down the numbers should you forget or miscalculate something. Budgeting can be a challenge especially when you don't keep track of it.
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