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*To Use this Spreadsheet Make a Copy as Shown in the Image
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JAR OF KNOWLEDGE
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50-30-20 Budgeting Rule Template
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Monthly/Annual Income after Income Tax and Deductions₹20,000.00
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Additional Income (If)₹0.00
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You Have a Monthly Budget of:₹20,000.00
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Ideal 50/30/20 Budget
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NEEDS₹10,000.00
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WANTS₹6,000.00
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SAVINGS₹4,000.00
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NEEDSAMOUNTWANTSAmountSAVINGSAmount
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House Rent/Mortgage₹5,000.00Clothing₹1,450.00Emergency Fund Contributions₹1,450.00
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Electricity Bill₹3,000.00Dining Out₹2,000.00Savings Account₹200.00
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Water Bill₹2,750.00Special Meals at Home₹275.00Debt Repayment₹275.00
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Sanitation/Garbage Bill₹150.00
Movie, Concert, Event Tickets
₹150.00Individual Retirement Account Contributions₹150.00
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Groceries₹220.00Gym or Club Memberships₹220.00Investments₹220.00
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Gas Bill₹300.00Travel Expenses₹300.00Credit Card Payments₹300.00
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Transportation Charges130Cable/OTT ChargesOther
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Phone Recharge BillHome Décor Items
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Wifi BillOther
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Health Insurance
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Medical Expenses
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Life Insurace
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Other Essentials
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NEEDS TOTAL₹11,550.00WANTS TOTAL₹4,395.00SAVINGS TOTAL₹2,595.00
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YOUR BUDGET ACTUALS
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The chart below shows the result of you budget. Make adjustments to your budget so that your actual spending is equal to your goals in each category.
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GoalActualActual % of IncomeDifference
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NEEDS₹10,000.00₹11,550.0057.75%-₹1,550.00
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WANTS₹6,000.00₹4,395.0021.98%₹1,605.00
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SAVINGS₹4,000.00₹2,595.0012.98%₹1,405.00
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