50/30/20 Simple Monthly Budget Layout
Use this free template with Google Sheets and Microsoft Excel
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About this template
Download our free 50/30/20 Simple Monthly Budget Layout, which outlines a budgeting system that distributes your income among three key elements: needs, wants, and savings. In this budgeting method, half of your income is allocated to cover basic needs, 30% to entertainment and leisure, and 20% to your emergency fund, retirement, and other savings goals. This 50/30/20 budget template for Google Sheets and Excel makes budgeting with this system simple and convenient.
Balanced Monthly Budget with 50/30/20 Rule
Our monthly budget template in Google Sheets includes the following sections:
- The income section can be used to include various sources of revenue, such as salary, gifts, and dividend payments, with up to 16 items in total.
- Needs, Wants, and Savings are separate tables that offer multiple rows for expense categories within each table, along with examples.
- Spending Summary and Spending Breakdown tables automatically calculate expenses for each category and show how well you’re adhering to the 50/30/20 budgeting priorities.
- Three additional charts display your remaining unallocated funds, planned and actual transactions, and spending breakdowns.
Most calculations are automated, and the charts are generated based on your input, making this layout even easier to use. Choose the best free budget templates only on our platform.
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