Household Budget Template – Annual 50/30/20 Budget Rule
Use this template with Google Sheets and Microsoft Excel
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Key Features of This Template
About this template
This Household Budget Template will help you allocate your funds according to the 50/30/20 rule and get an overview for each month and the year as a whole. Using built-in formulas, drop-down lists, and charts, you get a complete financial plan on each monthly sheet.
Allocate Yearly Living Expenses Using Our Structured Spreadsheet
Most of the calculations within the 50/30/20 budget are performed automatically, and to avoid input errors, we've added drop-down lists. For example, you can select a family member and set up the needs, wants, and savings categories on a separate Setup Sheet. The template can accommodate up to nine family members, allowing you to track income and expenses for everyone.
Working with our household budget template is simple:
- Customize the drop-down list values and add family members on the Setup Sheet.
- Enter the total planned and actual income amount in the table on the monthly sheet.
- Fill out the transaction log by adding the date, category, type, amount, expense owner, and details.
At the end of each period, you'll receive a detailed overview of your expenses, see how they align with the 50/30/20 rule, and get a comparison chart of planned and actual expenses, along with data for each expense owner. Find an up-to-date, free budget template to plan a personal or household budget easily.
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