Add your income and expenses to this monthly budget planner template, or download an Excel spreadsheet you can enter it into on your computer. This will help you see how your spending aligns with the 50/30/20 rule.
These budgeting apps apply the 50/30/20 rules that demonstrate how to divide your take-home income into three suggested spending categories: 50% of net pay for needs, 30% for wants and 20% for savings and debt repayment.
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