Document text
Our monthly budget
Household income, spending and savings on one page, with the 50/30/20 guide
Household: [HOUSEHOLD NAME]
Income: [AMOUNT] take-home pay + [AMOUNT] other income = [TOTAL]
1. The month at a glance
Group Amount % of income 50/30/20 guide
Needs [AMOUNT] [ ]% [AMOUNT]
Wants [AMOUNT] [ ]% [AMOUNT]
Savings and debt [AMOUNT] [ ]% [AMOUNT]
Left at month end [TOTAL]
2. Plan by item
Item Group Plan Actual
Rent or mortgage Needs [AMOUNT]
Light bill, water and cooking gas Needs [AMOUNT]
Groceries: supermarket and market Needs [AMOUNT]
Transport: route taxi, bus, gas Needs [AMOUNT]
School: fees, books, lunch money Needs [AMOUNT]
Health and pharmacy Needs [AMOUNT]
Phone credit and internet Needs [AMOUNT]
Loan and hire purchase payments Needs [AMOUNT]
Eating out and going out Wants [AMOUNT]
Clothes and shoes Wants [AMOUNT]
Birthdays, church and gifts Wants [AMOUNT]
Savings and emergency fund Savings and debt [AMOUNT]
Partner hand or extra on debts Savings and debt [AMOUNT]
Total spending and savings [TOTAL]
3. House rules
Savings first, then spending.
Write down real spending every week.
If the month goes below zero, cut wants first.
No new hire purchase or loan for monthly bills.
4. This week's spending
Day Spend Item Amount
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
Sunday
Arithmetic: left over = income − needs − wants − savings and debt. The 50/30/20 guide is a guide, not a rule.