What is 50 30 20?

Fifty Thirty Twenty, a project created by a graphic designer for the federal government, illustrates the difficulty of following the 50/30/20 rule on different incomes and various household sizes.

What is the 50 30 20 budget rule?

The 50-30-20 rule is comprehensive and covers all bases. And don’t worry if math isn’t your thing because we’ve included 50 30 20 budget spreadsheet ideas to help you stay on top of your budgeting strategies. That said, let’s take a close look at this budgeting rule, including what it is and how it works.

How do I calculate my 50 30 20 budget?

Another option is to set up your own 50 30 20 budget spreadsheet. If you’re great with Excel or Google Sheets, you’ll enter your post-tax income into a single cell and set up calculations to convert this into corresponding 50%, 30%, and 20% categories. Figuring out your budget doesn’t have to be difficult.