🚨 What is the 50/30/20 budget?

A straightforward financial planning system in which 50% of your income is allocated to needs, 30% to wants, and 20% to savings or paying off debt. The 50/30/20 budget is an excellent tool for individuals who lack the patience to track their finances in great detail and just want a simple system to keep track of their budget.

πŸ’° Monthly Summary


πŸ€‘ Monthly Income

Monthly Income

<aside> πŸ“’ Enter your monthly income and expenses in the appropriate fields. Record your spending or set goal amounts in the "Amount" column. To see how your totals compare to the 50/30/20 budget rule, refer to the β€œMonthly Summary”.


πŸ’Έ Monthly Expenses

<aside> ⬇️ Switch between Needs, Wants, and Savings by clicking on the appropriate tab.



<aside> ⚠️ Warning β†’ In order to prevent the Monthly Summary formula from breaking, please use one of the page templates or use the β€œduplicate” item functionality when adding new items to your monthly income and expenses database. Once created or duplicated, then you can change the item name to whatever you want. Please avoid messing with the hidden properties unless you know what you’re doing.


πŸ”– Frequently Asked Questions

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