Description
50/30/20 Budget Tracker Manual
This tracker will help you manage your money easily and effectively. The 50/30/20 budget tracker is a simple way to divide your money into three categories:
- Needs (50%): Essential expenses like rent, food, and utilities.
- Wants (30%): Fun things like dining out, hobbies, and entertainment.
- Savings (20%): Money set aside for the future, emergencies, and debt payments.
Features 🤩
✅ Aesthetic Visuals
✅ Visual Insights and Overview
✅ Customizable
✅ Automatic Calculations
✅ Google Sheets and Excel Compatible
✅ Affordable
✅ Step-by-step Guide
✅ Easy to use
Freebies 🤩
✅ Goal Planner
✅ Holiday Gift Tracker
✅ Debt Payoff Tracker
✅ Bill Tracker
Why You Should Use this Tracker? 🤔
💡 User Friendly: Our intuitive interface makes budgeting straightforward, even if you’re new to managing money.
💡 Visualize Your Progress: Use graphs and charts to see your spending patterns and savings growth over time.
💡 Clear Structure: The 50-30-20 rule divides your income into three simple categories: needs, wants, and savings, making it easy to follow.
💡 Adaptable to Your Needs : Customize the layout and colors of your interface, categories, and percentages to fit your unique financial situation.
💡 Reduces Stress and Gain Financial Peace: Knowing that your expenses are organized and under control can reduce financial stress and anxiety.
Steps on how to use the 50/30/20 Budget Tracker:
Step 1: Enter the percentages here for how you want to distribute your income among the different categories. You can also give the categories different names if you wish. These names will then be displayed throughout the entire template.
Step 2: Under the “income” heading in the budget section, enter the income you plan to receive.
Step 3: Under the budget section for “Needs,” “Wants,” and “Freedom,” (or whatever names you have given the categories), enter the amounts you anticipate spending. In the cell before it, specify what the amount is for. What you enter here will appear in a dropdown menu under “Transactions.”
Step 4: When your income comes in, enter it under “Income” in the actual section.
Step 5: Record the money you spend in the “Transactions” section.
1: Choose the date to double-click and select the correct date.
2: Enter the amount you spent.
3: Choose the category under which it falls.
4: Select the subcategory; the dropdown that appears is from the items you filled in at Step 5.
5: You can optionally add notes.
