Scribd Logo
Upload

Welcome to Scribd!

  • 61 views

    50/30/20 Budgeting Worksheet

    Uploaded by

    Clerenda Mcgrady
    This document provides a 50/30/20 budgeting worksheet to track monthly income and spending. It includes sections to record monthly income, needs-based expenses like housing and transportation, wants-based expenses like entertainment, and savings. It then suggests allocating 50% of monthly income to needs, 30% to wants, and 20% to savings as an ideal budget.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    50/30/20 Budgeting Worksheet

    Uploaded by

    Clerenda Mcgrady
    61 views2 pages
    This document provides a 50/30/20 budgeting worksheet to track monthly income and spending. It includes sections to record monthly income, needs-based expenses like housing and transportation, wants-based expenses like entertainment, and savings. It then suggests allocating 50% of monthly income to needs, 30% to wants, and 20% to savings as an ideal budget.

    Original Description:

    Finance and budgetting

    Original Title

    50-30-20_worksheet

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This document provides a 50/30/20 budgeting worksheet to track monthly income and spending. It includes sections to record monthly income, needs-based expenses like housing and transportation, wants-based expenses like entertainment, and savings. It then suggests allocating 50% of monthly income to needs, 30% to wants, and 20% to savings as an ideal budget.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    61 views2 pages

    50/30/20 Budgeting Worksheet

    Uploaded by

    Clerenda Mcgrady
    This document provides a 50/30/20 budgeting worksheet to track monthly income and spending. It includes sections to record monthly income, needs-based expenses like housing and transportation, wants-based expenses like entertainment, and savings. It then suggests allocating 50% of monthly income to needs, 30% to wants, and 20% to savings as an ideal budget.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    50/30/20 budgeting worksheet

    Track and visualize your income and spending for an average month to see how
    it compares to an ideal budget. If you don’t normally keep track of your spending,
    using a budgeting tool like Mint.com for a month might be helpful.

    Look at your spending for one month, and record your data on this page.
    1. Then continue to step 2 on the next page.

    Monthly Income:_______________________________________________
    your average take-home pay for the month

    NEEDS WANTS

    Housing:____________________________________ $ Other Spending:_____________________________ $


    monthly spending on rent or mortgage everything else you spend money on like restaurants,
    bars, phone, cable, hobbies, personal care, shopping,
    Utilities:____________________________________ $
    travel and other household spending
    monthly spending on electricity + water
    + gas + internet (excludes phone and cable)
    SAVE
    Groceries:__________________________________ $
    monthly spending on groceries
    Savings &
    Healthcare:_________________________________ $ Debt Repayment:_____________________________ $
    monthly spending on healthcare + health insurance what you have left over at the end of the month + money
    you put towards paying off credit card debt, student loans
    Transportation:_______________________________ $
    and any other debt
    monthly spending on car loan + car insurance + gas, +
    public transportation

    Childcare:___________________________________ $
    monthly spending on childcare

    Total Needs:_________________________________ $
    add housing + utilities + groceries + healthcare +
    transportation + childcare
    2. On this page fill out the lines starting from the bottom. Then continue to step 3.

    $
    total monthly income
    Savings and
    After you’ve filled in
    3. the lines, color in the
    debt repayment

    value of your needs, $


    20% of your
    wants and savings monthly income x.9
    monthly income
    starting from the
    bottom with needs.
    They should equal $
    your monthly income, monthly income x.8
    and fill in the bar.
    $ What you
    monthly income x.7 should be
    spending on
    wants
    Color Key: $
    monthly income x.6 30% of your
    monthly income
    Savings and
    debt repayment
    $
    monthly income x.5
    Wants

    $
    Needs
    monthly income x.4

    What you
    $ should be
    monthly income x.3 spending on
    your needs
    Then compare to the
    4. 50/30/20 budgeting 50% of your
    $
    guideline. Ideally, this monthly income
    monthly income x.2
    is what you should be
    spending each month
    on your needs, wants, $
    and savings.
    monthly income x.1

    $0

    You might also like