Printable 50.30.20 Budget Template

With time, the world economy is under inflationary pressure. As a result, the prices of even basic commodities have gone up. In this scenario, families and individuals are facing a lot of difficulties managing their finances. They are unable to meet their expenses within their financial resources and eventually end up trapped in debt or bankruptcy. Therefore, the need to pay attention to personal finances now is far more important than ever. In this regard, Senator Elizabeth Warren and his daughter Amelia Warren Tyagi published a book named “All Your Worth: The Ultimate Lifetime Money Plan.”.

In this book, they simplify the budgeting process for a common man and his family as to how to adopt a straightforward approach to creating a budget for personal finances. Afterward, this method became widely popular due to its simplicity. Therefore, our team of professionals created a helpful and user-friendly printable 50/30/20 budget template. That will guide you on how to create a professional budget planner and keep track of income and expenses like a professional.

Template Layout

Here, we will highlight the template layout in detail. So as a beginner, it will help you learn the ropes and make the best use of fifty, thirty, and twenty budget rules using this pre-designed budget Google sheet template.

Design Element

When we look around the layout design aspects it looks professional and useful. It contains a color combination of lavender mist and charcoal gray. That makes the design stand out from other templates. In addition, our team of experts used the Calibri and Georgia font styles in this budget planner.

Header Chunk

This is the topmost area of this budget spreadsheet and incorporates a title in this customizable text box with a colored background. However, you can include budget goals and a month in the pre-defined blank spaces. Next, this money management template is segregated into three horizontal parts that we are going to break down here.

First Part

This part of the template emphasizes managing income streams. So, you can add income details in the pre-designed income table on the left side of the template. Here you can establish a list of income resources with anticipated and actual values. Further, you can utilize four columns of this table starting with the serial number, description, budget, and actual. With built-in formulas, the worksheet will promptly generate the total budgeted and actual income total in the last row of the table. Most importantly, this right side of the table is allocated to the income chart, and it will aid you in seeing the big picture before allocating the budget to estimated expenses.

Second Part

In this second part of this expense tracker, we have added editable expense tables. By following the 50.30.20 approach we further categorized the expenses into three tables highlighting the needs, wants, and saving titles. The need table will guide you to accumulate the essential expenses like rent, mortgage, groceries, medical and utilities, etc. However, on this wants table you can spend thirty percent of your resources. Here you can assign a budget to entertainment, dining with friends, and other expenses that fall in this category.

Third Part

This is the third and bottom part of this budgeting worksheet. Here we have designated the space for recording savings. In this table, you can subcategorize your saving option into retirement and emergency funds with bank savings, etc. Like any other table in this template, you can keep track of savings with budget actual values separately in two columns and get the auto sum in the last row. Aside from this, we have also included the note table on the bottom right side. So, you can add pertinent information, instructions, and reminders to keep yourself financially organized.

Editable Advantages

Our professionals provide you with the best and most dynamic features in the templates that allow you to edit the template using Microsoft Excel and Google Doc Editor options. You can get full and instant access to the template and integrate personalization touches without any difficulty.

Other Features

You can right away click on the button below and download the template for free. Moreover, with a pre-designed structure, it will not only save precious time but also guide its users on how to build a handy 50.30.20 budget planner at their fingertips. Therefore, grab this and other ready-to-print budget Google Doc templates on our website to best serve your needs.