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50 30 20 Budgeting Template

The document outlines an individual's monthly budget using the 50-30-20 budgeting method. It shows the person's after-tax income is $4,000 per month plus $350 in overtime and $56 in additional income, for a total monthly budget of $4,496. According to the 50-30-20 method, 50% should go towards needs, 30% towards wants, and 20% towards savings. The document provides details on the person's actual expenses and how they compare to the ideal 50-30-20 percentages.

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Gee Deeds
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23 views8 pages

50 30 20 Budgeting Template

The document outlines an individual's monthly budget using the 50-30-20 budgeting method. It shows the person's after-tax income is $4,000 per month plus $350 in overtime and $56 in additional income, for a total monthly budget of $4,496. According to the 50-30-20 method, 50% should go towards needs, 30% towards wants, and 20% towards savings. The document provides details on the person's actual expenses and how they compare to the ideal 50-30-20 percentages.

Uploaded by

Gee Deeds
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Creating 50-30-20 Monthly Budget

Monthly Income Ideal 50-30-20 Budget Actual Expenses Actual Percentage


After-tax Income $4,000 Needs $2,248 $1,885 41.93%
Overtime $350 Wants $1,349 $1,090 24.24%
Additional Income $56 Savings $899 $730 16.24%
Others $90
Total Budget $4,496 Total Expense $3,705
Surplus $791
Needs Amount % of Needs
Housing Rent $1,050 55.70% Actual Percentage
Transportation $200 10.61%
16.24%
Food $275 14.59%
Utilities $150 7.96%
Insurance $10 0.53%
41.93%
Healthcare $200 10.61%
Total $1,885
24.24%

Wants Act. % of Wants


Cell Phone $110 10.09%
Needs Wants Savings
Internet $60 5.50%
Subscription $70 6.42%
Dine Out $315 28.90% Needs
10.61%
Amazon Buys $150 13.76%
0.53%

7.96%
55.70%
0000001
Needs
10.61%

0.53%
Lake Weekend $250 22.94%
New Sneakers $135 12.39% 7.96%

Total $1,090 55.70%

14.59%
Savings Act. % of Savings
Savings Account $400 54.79% 10.61%
Travel Fund $150 20.55%
Housing Rent Transportation Food
Emergency Fund $100 13.70% Utilities Insurance Healthcare
Charity $80 10.96%
Total $730
Wants
12.39% 10.09%

Savings 5.50%
10.96%

22.94% 6.42%
13.70% 54.79%

13.76% 28.90%
20.55%

Savings Account Travel Fund Cell Phone Internet Subscription Dine Out
Emergency Fund Charity Amazon Buys Lake Weekend New Sneakers

0000002
0000003
0000004
50-30-20 Monthly Budget Template

Monthly Income Ideal 50-30-20 Budget Actual Expenses Actual Percentage


After-tax Income Needs $0 $0 #DIV/0!
Overtime Wants $0 $0 #DIV/0!
Additional Income Savings $0 $0 #DIV/0!
Others
Total Budget $0 Total Expense $0 You've to fill the Blue
$0 colored cells

Needs Amount % of Needs


Housing Rent #DIV/0! Actual Percentage
Transportation #DIV/0!
Food #DIV/0!
Utilities #DIV/0!
Insurance #DIV/0!
Healthcare #DIV/0!
Total $0

Wants Act. % of Wants


Cell Phone #DIV/0!
Needs Wants Savings
Internet #DIV/0!
Subscription #DIV/0!
Dine Out #DIV/0! Needs
Amazon Buys #DIV/0!

0000005
Needs

Lake Weekend #DIV/0!


New Sneakers #DIV/0!
Total $0

Savings Act. % of Savings


Savings Account #DIV/0!
Travel Fund #DIV/0!
Emergency Fund #DIV/0! Housing Rent Transportation Food
Utilities Insurance Healthcare
Charity #DIV/0!
Total $0
Wants
Savings

Savings Account Travel Fund Cell Phone Internet Subscription Dine Out
Emergency Fund Charity Amazon Buys Lake Weekend New Sneakers

0000006
0000007
0000008

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