50/30/20 Biweekly Budget Template
Use this free template with Google Sheets and Microsoft Excel
Template Specification
Key Features of This Template
About this template
Our 50/30/20 Biweekly Budget Template will be an indispensable tool for everyone who receives a biweekly salary and wants to manage it effectively. This budgeting method is considered one of the most practical, as you can allocate 50% of your income to essentials, 30% to wants, and 20% to savings or an emergency fund.
Plan Every Paycheck with the 50/30/20 Rule
Our 50/30/20 budget template in Excel and Google Sheets formats offers everything you need to plan your finances digitally. You can also print the budget sheet in A4 or US Letter size for handwritten use.
The template contains two separate tables:
- In the Income section, you can list all types of income, from salary and freelance projects to dividends and gifts.
- In the Needs section, you can distribute half of your income to rent, utilities, groceries, insurance, and other mandatory expenses.
- In the Wants section, you assign 30% of your income to dining out, entertainment, clothing, a travel fund, and other enjoyable expenses.
- Your Savings section should get 20% of your income and include an emergency fund, retirement savings, investment accounts, health savings, and more.
You can manually customize the categories for each table. Click on a cell, enter a new name, and fill in the planned and actual amounts. Start using this budget template for free today.
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