Use the 50/30/20 Budget Template. Get out of debt.

Drowning in debt? Download our FREE 50/30/20 budget template. Get on top of your finances and debt payments once and for all.

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Designed to help millennials pay off debt quickly.

Our budget efficiently divides your income into three categories. This puts you in control of your debt payments. You can also decide if you can pay more and get out of debt faster.

Even if you’re not a fan of budgeting, the 50/30/20 budget template is simple and easy to use. It follows the 50/30/20 rule for budgeting:

  • 50% of your income goes towards Needs
  • 30% of your income goes towards Wants
  • 20% of your income goes towards Savings

Effectively organize your money.

Simple, smarter management

This budget only has three categories that are easy to organize. Save yourself time and stress as you focus on overall spending rather than line-by-line transactions.

Control your debt payoff timeline

With this budget, you know exactly how much you are putting toward your debt each month. You also know if you can increase payments. The more payments you make, the faster you’ll get out of debt!

Reduce expenses, increase debt payments

Get a clear visual on how much you’re actually making and spending. Plus, as you balance your expenses across these three categories, you can determine areas where you can cut back and pay more on your debt each month.

What our clients have to say

I finally feel in control of my finances. I was surprised to see how much money was slipping through my fingers before I started using the debt calculator. It was a shock for me and a wake up call.

-Elisabeth O, Utah

I'm a huge fan of the 50/30/20 budget! I create specific debt payment and saving goals. My leftover money goes towards Needs and Wants. With this spreadsheet, I don't have to track transactions line-by-line. It makes my life easier and I know I'm making progress with my goals!

-John F, Alabama

This budget template gives me the perfect simple guideline to stay on track with my income and expenses. Some months I'm able to contribute more than 20% of my income to debt payments and savings. It's so helpful to visually see my progress.

-Kevin S, Texas

Get started today.

Downloading and using the 50/30/20 budget only takes a few minutes. Formulas are automatically calculated so no complicated math required!

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The 50/30/20 budget divides your income into three categories: 50% of your money for needs (e.g., rent), 30% for wants (e.g., eating out), and 20% for savings and debt payments. If you’re looking for simplicity, this budget is an excellent way to go.
The 50/30/20 budget shows you how much you’re currently spending on Needs, Wants, and Savings. You can see where to adjust your spending to increase your debt payments. For example, maybe you could reduce what you spend on clothes, and pay $50 more on debt each month.
The 50/30/20 budget is simple to learn. Just divide your take-home pay into three spending categories. At the beginning of the month, write down your target budget for income and expenses. At the end of the month, input how much you made vs. how much you spent in each category. Check if you followed the 50/30/20 rule and adjust as needed. If you’re spending more on a certain category such as Wants, you might need to cut back on specific items like subscriptions.