percentage of living expenses to income budget template free

Comes with in-depth video instructions and wiki docs to walk you through how to best use the spreadsheet.

The template is free, but it comes with more features than many paid options. The Aspire Budget Template is ideal for those looking to create a monthly budget while also tracking other important financial KPIs, like net worth.ĭuring our research, one budget template that really stood out was Aspire Budget. Best Advanced Budgeting Template (Google Sheets Only): Aspire

It’s ad-free and displays key information right in the dashboard. Related app: If you want a simple overview of your finances, Rocket Money is our top choice for a free budgeting app.

You can choose from a one-month period to a 12-month period.

It uses basic budgeting categories, which is a good thing for beginners who don’t want to get too detailed but who do want a general guideline as to where their money goes.

You can also download it first and start working on it offline.

You can fill it out online and then download the template to your favorite spreadsheet software, whether that’s Numbers, Google Sheets or Microsoft Excel.

Here’s what you get with this free budget worksheet:

If you’re brand new to budgeting and want to get things started right away without much thought or work, we recommend Kiplinger’s Household Budget Worksheet. The 70/20/10 budget rule works by allotting 70% of your income for monthly bills and everyday spending such as cell phones, groceries or utilities, then 20% goes to saving and investing and 10% goes to debt repayment.Kiplinger’s Household Budget Worksheet is a simple and straightforward budget template that’s highly versatile.-Transportation or auto services: 10-15%.-Insurance, such as life, medical, home or auto: 10-25%.Though breaking down your budget in percentages is based on your unique financial situation, here is a good general breakdown:.

What percentages should you use for your budget?.The remaining 30% of your income is for discretionary spending. That leaves 50% for needs, including essentials like mortgage or rent and food. The popular 50/30/20 rule of budgeting advises people to save 20% of their income every month.Here are the answers to some of the most frequently asked questions regarding budget percentages.

Percentage of living expenses to income budget template free