50/30/20 Budget Rule Finance Tracker (Google Sheets Budget Template)

Achieve Financial Freedom by Simplifying Your Finances with Our User-Friendly, Intuitive & Easy to use (Google Spreadsheet Budget Template) Track Your Money with This 50/30/20 Budget Rule Finance Tracker!

Note: This product does not offer financial advice.

This easy-to-use Google Sheets 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.

If you prefer Notion Templates to manage your finances👇

Key Features:

- Customizable Settings: 🎯 Tailor your budget to your unique aspirations. Whether it's personal, professional, or a mix of both, this template allows you to define and refine your budget with precision.

- The 50/30/20 rule of budgeting Framework: 🧠 Our template is built on The 50/30/20 rule of budgeting, which provides a simple yet effective framework for managing your finances and achieving your financial goals. (By categorising your income into needs, wants, and savings, you can gain control over your money while ensuring you meet essential expenses and save for the future.)

- Progress Tracking: 📈 Stay on top of your goals effortlessly with the progress tracking feature. Visualize your journey and see your accomplishments over time.

- User-Friendly Design: 🖥️ The template is designed for easy use and customization, making it accessible for everyone.

— What’s included? —

- Simple Dashboard: means it’s easy to find what you’re looking for.

- User-friendly Interface: This Google Sheets Template is designed to be intuitive and easy to use, even for those with little to no experience with spreadsheets. It includes clear instructions and labels, making it easy to input your data and interpret the results.

- Monthly Tracking: The template includes a monthly tracking feature that lets you monitor your progress towards each goal. This allows you to see at a glance how much you have achieved each month, and how much you still need to do to reach your yearly objectives.

- Total Savings Tracker: The template also includes a column where you can track your total savings. This feature helps you understand how much of your savings have been dedicated to each goal, allowing for efficient financial planning and management.

- Charts Visualization: The template features charts that displays the percentage of budget vs actual you've set. This visual tool helps you easily understand your progress and identify areas that might require more effort or resources.

- Percentage Metrics: The template calculates the percentage progress for needs, wants and savings, offering a numerical value to supplement the visual data provided by the charts. This allows you to quantify your progress and understand how much more you need to contribute to reach each goal.

- Customizable Fields: The template includes customizable fields, allowing you to tailor it to your specific needs, wants and savings. You can add, remove, or modify sections as necessary, making the template a versatile tool for budget planning and tracking.

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 needs: To 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 wants: 30% 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 savings: 20% 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 Google Sheets? Yes, you can definitely use this template on Google Sheets 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 this 50/30/20 Budget Rule Finance Tracker (Google Spreadsheet Budget Template). From there, you can duplicate the template into your own google 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 info@creativecashflow.club - we're more than happy to answer!

---Things to Note:---

❌ This template is designed for Google Sheets 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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