I have made a budget spreadsheet in Excel to help in distributing a paycheck using the 50, 30, 20 rule.

50% of the paycheck goes towards “Needs”

30% goes towards “Wants”

and 20% goes towards savings.

The template is fully customizable and you can add your own expenses and amounts in the ITEMS column and BUDGET column respectively.

Each item is categorized as Needs, Wants, or Savings.

Here is the demo on how to use and make this budget spreadsheet.

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