50/30/20 Budget Rule Finance Tracker Notion Template

Welcome to our 50/30/20 budget rule finance tracker notion template. A simple budgeting method to handle your money better!

Note: This product does not offer financial advice.

This easy-to-use Notion template helps you plan your money each month using the 50/30/20 budget rule. It helps you spend less on things you don't need and save more for your future.

Here's how it works:

Have you heard of the 50/30/20 budget rule?

Budgeting is made simple with the 50/30/20 budget rule, which splits your after-tax income into three categories: needs, wants, and savings. This principle offers an effective strategy for managing your finances:

• Spend 50% of your money on needsTo follow this budget, 50% of your after-tax income should be spent on your needs. Needs are payments for essential expenses that are difficult to live without, including monthly rent, electricity and gas bills, transportation, insurance (for healthcare, car, or pets), minimum loan repayments, and basic groceries. For example, if your monthly after-tax income is $2000, $1000 should be allocated to your needs.
• Spend 30% of your money on wants30% of your after-tax income can be used for your wants. Wants are non-essential expenses, such as dining out, shopping for clothes, holiday trips, gym memberships, entertainment subscriptions (Netflix, HBO, Amazon Prime), etc. Using the same example above, if your monthly after-tax income is $2000, you can spend $600 for your wants.
• Stash 20% of your money for savings20% of your monthly income should be saved to achieve your savings goals or pay back any outstanding debts. Consistently putting aside 20% of your pay each month can help you build a better savings plan. For example, if you bring home $2000 after tax each month, you could put $400 towards your savings goals. In just a year, you’ll have saved close to $5000!

This method empowers you to minimize unnecessary expenses while maximizing your savings for the future.

FAQs

• Does this work on the free version of Notion? Yes, you can definitely use this template on Notion's free personal plan.
• Can I customize the template? Yes, you can freely make edits to the template to suit your lifestyle needs!
• Are there instructions on how to use the template? Yes,Your purchase also includes a tutorial guide that comes with detailed instructions to eliminate the guesswork!
• What will happen after I purchase? Once you've completed your purchase, you will gain instant access to the Notion template. From there, you can duplicate the template into your own Notion account.
• What are the terms of use of the templates? All designs, templates, guides, and content are for your own personal use only. No part of it can be distributed, sold, reproduced, or used in any form without the written permission of the author. I've poured so much time and effort into making these templates for you! I highly appreciate your support! Thank you!
• Do you have a refund policy? No. Because this digital offering is a non-refundable digital product. And due to the digital nature of this product, all sales are final and no refunds will be provided. 
• Remember- This is a digital download. No physical items will be sent after purchase.
• Can I duplicate this template to share with my team/friends? No, this template is for individual use only. As a solopreneur & small business owner, I've put a lot of time and effort into creating this template, and I truly appreciate your support. And in order to maintain the integrity of my work, I kindly request you, that you do not share this template and all other material outside of your personal workspace. Thank you for understanding.
• Got more Questions, suggestions or feedback? Send your questions at creativecashflowcare@gmail.com - we're more than happy to answer!

---Things to Note:---

❌ This template is designed for Notion only.  (will not work anywhere else).

❌ By obtaining the product, you agree to use it for personal use only, and not to share or distribute the content. All materials are for personal use only. No part of it can be distributed, shared, sold, reproduced, or used in any form without prior written permission from the author.

⚠️ DISCLAIMERS

• This product is an instant digital download file, no physical product will be shipped to you. Due to the digital nature of this product, all sales are final and no refunds will be provided.
• Please note that colors may appear differently on different screens and devices, including computer monitors, smartphones, and tablets.
• The information provided is for general knowledge only, not financial advice. Consult with a qualified professional before making any financial decisions. You bear all the risk. We are not liable for any losses or damages arising from your use of this information or template.

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