Expense Tracker [50-30-20 Rule of Budgeting] - Google Sheet Template | Calculator

Why You Need Expense Tracker With 50-30-20 Budget Rule?

Most people struggle to manage their expenses and personal finance.

2 Reasons

• Lack of strategy

• Lack of discipline

Some people tell that your youth is the right age to hustle and earn more money so that you have a secured future.

Meanwhile, some people tell that youth is meant to enjoy. After all, when will you enjoy your life? After getting old?

But how about balancing things out?

50/30/20 Rule of Budgeting is a popular framework to manage your personal finance.

What is the 50-30-20 Budget Rule?

• 50% of your after-tax income should go in fulfilling your needs

• 30% of your after-tax income should go in fulfilling your wants

• 20% of your after-tax income should go into investments

This is not a thumb rule but it's a great strategy to start. You can tweak according to your requirements but try to maintain a healthy balance.

To help you achieve these goals, I am sharing the spreadsheet template that I have been using to manage my expenses since 2011.

While there are many apps for this, they can't fetch your bank statements, credit card statements, expenses in cash and so many things.

On this Google Spreadsheet Template, you get columns to note down your expenses, income, borrowings, and lendings.

Plus, the joy of filling spreadsheets and seeing your goals getting reflected is more satisfying :)

1. You just need to note down your monthly expenses with respective attributes and the calculator will automatically give your analysis

2. If your investment share is low, it will give you a reminder on the top

You can copy the Google Sheet for yourself and use it for free.

If you feel generous, you can pay as much as you want to support me as an indie-maker. I will really appreciate that.