50 30 20 Budget Spreadsheet

50 30 20 Budget Spreadsheet – It is one of the most common money management strategies globally and it has helped many people to maintain healthy financial habits. What FP consists of and how it is installed.

Adopt in your life the rule 50/20/30 Adopt in your life the rule 50/20/30
He has always said that there are no basic formulas or magic recipes for a person to become a millionaire overnight, but what is basic is to consider your finances and managing your money as a really important issue that should Loading done

Between that, the budget, the calculation when to spend and when not, how to save and how to do to invest, the fundamental pillars for people who really have the purpose of having an economic stability more than money is not an end to Reach Other personal purposes.

But going back to step 1, budgeting is the time when many people can stay there, without actually having to do and how to do, not yet have the necessary will to take on this habit that becomes the Base of a millionaire

FP recommends that you read “The 5 budget types for you to choose yours”.

That is why, among the many strategies we have talked about, the 50/20/30 rule can become the most appropriate strategy for you and your lifestyle. According to Money Ning, this allows you to divide your finances into three broad categories:

Fixed costs (50%)

What sets this standard is that of your salary, if you want to be calm and have economic stability, you should not spend more than 50%. $ 1,500,000, will not look for a place to live and reach $ 1 million. It is the basic rule.

Here you should be and make a calculation of everything that represents your “survival” and does not vary by month: the payment of the house or lease, long-term credits, utilities, food and transportation. Perhaps some people may include some expenses that, eliminating them, can not imply decreasing their quality of life.

Yes, you have to do accounts, nothing to do. Mathematics is the basis of some things, but does not mean that it must be complicated with logarithms of equations, simply addition and subtraction, it is no more.

Financial Objectives (20%)

Where I want to go Think about it, either because you want a home or because you want to take a trip through South America, you should consider that 20% of your salary should be estimated for this. We clarify, it does not have to be only objective, for example, you can consider including in this category the exit of the debt of your credit card.

You can also consider savings for your future or for building your emergency fund. For many people this amount may be too high but remember that saving and planning is actually what really allow you to realize your dreams without having to resort to debt or any kind of credit where it will always end Paying more than they actually lend.

Do not miss “Three effective psychological tricks to save, definitely.”

Flexible expenses (30%)

Finally, in the last part of this budget rule, it is established that 30% of what goes out for the salary can be allocated to everything that is called “variable expenses” that can include situations like eating out, Like gasoline, shopping or going out with your friends or partner.

This is what really allows you to maintain your lifestyle and the “gusticos” that you can afford without you feeling any kind of remorse for it; Because it was something he had already estimated in his budget.

An everyday example …

Juan recently graduated as a systems engineer. He managed to get a good job in which he gave him a contract with a monthly salary of $ 1,300,000 (net). He has pending his credit with the Icetex, he lives with his parents, but the service with the services and must pay all social benefits (which have already been discounted).

Then, according to the rule, John must estimate:

Essential expenses (50%)

Transportation: $ 80,000
Food: $ 200,000
Help at home: $ 350,000
So in total you are spending $ 630,000, which means 49% of your total income

Financial priorities (20%)

Icetex: $ 200,000
Travel Savings: $ 60,000
So in total you are spending $ 260,000, which means 30% of your total income.

Flexible expenses (30%)

He has the option to spend $ 390,000 to his liking, so he may next weekend this month can go away rumba with his friends out of town but you can also buy that cap that he loved. Or, being more judicious, give a greater contribution to your debts.

Read also “The 25 planes to do without spending in

What sets this rule is that of your salary, if you want to be calm and have economic stability, you should not spend more than 50%. This is that if you receive $ 1,500,000 salary, you will not be looking for a place to live that costs you $ 1 million. It is the basic rule.

Here you should be and make a calculation of everything that represents your “survival” and does not vary month by month: payment of the house or lease, long-term credits (vehicle or student), utilities, food and transportation . Perhaps some people may include some expenses that, eliminating them, can not imply decreasing their quality of life.

Yes, you have to do accounts, nothing to do. Mathematics is the basis of some things, but does not mean that it must be complicated with logarithms or equations, simply addition and subtraction, it is no more.

Financial Objectives (20%)

Where do you want to go? Think about it, either because you want a home or because you want to take a trip through South America, you should consider that 20% of your salary should be estimated for this. We clarify, it does not have to be a single objective, for example, you may consider including in this category getting out of your credit card debt.

You can also consider savings for your future or for building your emergency fund. For many, this amount may be too high, but remember that saving and financial planning is what will really allow you to realize your dreams without having to resort to debt or any type of credit in which you will always end up paying More than they actually lend.

Do not miss “Three effective psychological tricks to save, definitely”.

Flexible expenses (30%)

Finally, in the last part of this budget rule, it is stated that of the 30% of what arrives for salary can be destined to everything that is denominated like “variable expenses” that can include situations like feeding (if it is of whom it loves Going out to eat), as well as gas, shopping or going out with your friends or partner.

This is what really allows you to maintain your lifestyle and the “gusticos” that you can afford without you feel any kind of remorse for it; Because it was something he already had in his budget.

An everyday example …

Juan recently graduated as a systems engineer. He managed to get a good job in which he was given a contract with a monthly salary of $ 1,300,000 (net). He has pending his credit with the Icetex, lives with his parents, but he helps with the services and must pay all social benefits (which have already been discounted).

Then, according to the rule, John must estimate:

Essential expenses (50%)

Transportation: $ 80,000
Food: $ 200,000
Help at home: $ 350,000
So in total you are spending $ 630,000, which means 49% of your total income

Financial priorities (20%)

Icetex: $ 200,000
Travel Savings: $ 60,000
So in total you are spending $ 260,000, which means 30% of your total income.

Flexible expenses (30%)

He has the option to spend $ 390,000 to his liking, so that next weekend of this month can go rumba with his friends out of town but also can buy that cap that he loved. Or, being more judicious, give a greater contribution to your debts.

Read also “The 25 plans to do without spending any money”.

With this, it is much easier to order all your finances and can take the pressure away from spending more than you owe, while understanding the importance of having financial priorities that must answer yes or yes. But if he had much higher flexible expenditures, his situation would be different and John’s dream of traveling the world at 35 may not come true.

And if your accounts fail you, Stick to an anti-budget.

50 30 20 Budget Spreadsheet

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