50/30/20 Budget Spreadsheet

The 50/30/20 Budget Spreadsheet is an easy-to-use tool to help you manage your money using the popular 50/30/20 rule: 50% for needs, 30% for wants, and 20% for savings or debt repayment. Take control of your finances and build smarter money habits.

💡 What It Is

This 50/30/20 Budget Planner is a smart digital budgeting tool that helps you take control of your money by breaking it into three simple categories — Needs, Wants, and Savings.

It’s designed for anyone who wants a clear picture of where their money goes each month and how to make confident financial decisions. Whether you’re saving for a home, paying off debt, or just want more balance in your spending, this planner gives you a clean, visual, and automatic way to track it all.

⚙️ How It Works

1. Pick your month and enter your income.
2. Add your planned and actual expenses in the Needs, Wants, and Savings sections.
3. The dashboard instantly updates your totals and shows where your money is going.
4. Visual charts help you compare your budget vs. actual spending and see your progress each month.

Everything is automated — just type in your numbers, and the formulas do the rest.

📊 Detailed Breakdown of Each Section

🔹 Summary Section

Gives you a quick view of:

• Total Income
• Total Expenses
• Remaining Balance
• Comparison between Budget and Actual amounts

🔹 Needs, Wants, and Savings Tables

Each category includes:

• Budgeted Amounts: What you plan to spend or save
• Actual Amounts: What you actually spent or saved
• Difference: How much you’re over or under budget

🔹 Dashboard & Charts

This is where the visual magic happens!

• Pie Charts: Show the percentage of your spending by category (Needs, Wants, Savings).
• Bar Charts: Compare your budgeted vs. actual totals.
• Progress Indicators: Help you see if you’re staying balanced with the 50/30/20 rule.

🔹 Automatic Calculations

Everything updates instantly. The sheet automatically calculates your spending percentages and differences so you can clearly see how well you’re managing your money.

🌟 What Makes It Valuable

• ✅ Based on the proven 50/30/20 budgeting rule.
• ✅ Fully automated formulas — no setup needed.
• ✅ Visual dashboard with instant feedback.
• ✅ Helps you spot overspending fast.
• ✅ Easy to use for beginners or pros.
• ✅ Works in Google Sheets or Excel.

📁 What You’ll Receive

• 1 digital download (Google Sheets or Excel version)
• Setup instructions

⚠️ Legal Disclaimer

• This is a digital file — no physical item will be shipped.
• For personal use only. You may not resell, redistribute, or share this template.
• This tool is for organization and educational purposes only and should not replace professional financial advice.
• Due to the digital nature of this product, all sales are final.