50/30/20 Family Budget Planner
Use this free template with Google Sheets and Microsoft Excel
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Key Features of This Template
About this template
Our easy-to-use yet effective 50/30/20 Family Budget Planner template is now available for free in Google Sheets and Excel. This household budget template allows you to enter your total salary and correctly allocate expenses across three classes: needs, wants, and savings.
50/30/20 Budget Template for Smart Spending
The beauty of this 50/30/20 budget template in Google Sheets is that you don't have to create anything from scratch. On the Setup sheet, you select your needs, wants, and savings categories. To rename them, simply click on a placeholder and enter a new title. On the next sheet, Transaction Log, you enter all your expenses by selecting the section and category from the drop-down list. On the third sheet, Budget, you only need to enter your total income.
Once all the data is entered, the template will automatically calculate your budget and display information on all expense categories for the financial period, along with their amounts. Charts will also show how much money is left and the difference between planned and actual expenses. An additional pie chart will display a comparison of your needs, wants, and savings.
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