How does the template split income?

The template splits income into 50% for needs, 30% for wants, and 20% for savings.

What currency can be used for tracking expenses?

You can choose any currency for tracking expenses.

Is the template accessible on both computer and mobile devices?

Yes, the template can be used on both computer and mobile devices.

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Monthly Budget Tracker - 50/30/20 System

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Monthly Budget Tracker template to help you manage your money easily by splitting your income into needs, wants, and savings. Features easy spend tracking, automated calculations, and services for computer and mobile devices.

Listed in categories:

Personal FinanceProductivityNotion

Monthly Budget Tracker - 50/30/20 System-image-0

Description

Monthly Budget Tracker 503020 System - Manage Your Money Easily

How to use Monthly Budget Tracker - 50/30/20 System?

The template automatically splits your income into three parts: 50% for needs, 30% for wants, and 20% for savings. Needs: Put 50% of your money towards important things like bills, rent, groceries, and transport. Wants: Spend 30% of your money on fun stuff like eating out, movies, shopping, and holidays. Savings: Save and invest 20% of your money for emergencies, paying off debts, retirement, and big future plans.

Core features of Monthly Budget Tracker - 50/30/20 System:

1️⃣

Easy spend tracking

2️⃣

Automated calculations and services

3️⃣

Use on computer and mobile devices

Why could be used Monthly Budget Tracker - 50/30/20 System?

#	Use case	Status
# 1	Budgeting	✅
# 2	Expense tracking	✅
# 3	Financial planning	✅

Who developed Monthly Budget Tracker - 50/30/20 System?

Ronotion - Stay in control of your money with this Notion Monthly Budget Tracker template. Created by an insolvency expert at Harvard University.