NSF Excel Budget Template Budget Templates 2025

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Setting Up Your 50/30/20 Rule Spreadsheet Open up Excel or Google Sheets. Create three main columns: Needs, Wants, and Savings/Debt. Under each column, list out specific expenses. Add a row for your monthly after-tax income. Set up formulas to calculate 50%, 30%, and 20% of your income.
How to create a budget in Excel manually Create budget headers. After opening Excel, include your budgets column names. Enter the expenses, costs, and income. Include your estimated expenses or costs in the created columns. Calculate the balance. Create visualizations.
The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals. Lets take a closer look at each category.
Budget calculator: Calculate your monthly budget using the 50/30/20 rule Needs (50%) Rent or mortgage payments, car payments, groceries, utilities, minimum debt payments. Wants (30%) Gym membership, dining out, tickets to sporting events, vacations, clothes. Savings (20%)
With that information, the spreadsheet shows how your finances compare with the 50/30/20 budget breakdown, which recommends that 50% of your income goes toward needs, 30% toward wants and 20% toward savings and debt repayment. Its OK if your budget doesnt perfectly align with the 50/30/20 breakdown.
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Using formulas like SUM=(A1+A2+) you can easily add together all of the boxes with your monthly expenses and any edits will automatically be updated in the total. You should have a total box at the bottom of your column, for example, A5 is your total monthly income and B10 is your total monthly expenses.

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