Name:

Date:

Budgeting - the 50/20/30 rule

From LearnVe$t
Monthly income = $1,451.25

Fixed

Envelope 1
50%

Bills, bills, bills.

Monthly income X 0.50 = $725.625
Rent roommates = $348.50
Car insurance = $115
Bus pass = $
W/S/G roommates = $0
Electricity: $62.14 roommates = $31.07
TV: $55.76 roommates = $0
Internet: $54.97 roommates = $27.48
Cell phone = $50.00
Netflix: $8.74 roommates = $4.37
Gym = $15.89
Total = $592.31

Financial Goals

Envelope 2
20%

Pay off your debts, and save for your future.

Monthly income X 0.20 = $290.25
Late credit card payments = $0
Student loans = $0
Savings = $50
Emergency fund = $50
Total = $100

Flexible Spending

Envelope 3
30%

Make it rain.
Monthly income X 0.30 = $435.38
Food = $400
Gas = $100
Clothes = $
Other $
Other $

Total $500