(1,349 Reviews)

50/30/20 Budget Notion Template

Name: 50/30/20 Budget Notion Template
Brand: Plandio
Price: 5.0 USD
Availability: InStock

Track and manage your budget using the 50/30/20 rule

$5.00

$10.00

50% OFF

Completely Free

Easy to use

Start in seconds

"This is an amazing productivity tool. Everything in one place! As someone who's been programming databases and spreadsheets for a LONG time I'm amazed at the amount of time and consideration that went into this gem."

Shelving

United States

About this Template

The 50/30/20 Budget Notion template helps you organize your finances by dividing your income into three simple categories: 50% for essentials, 30% for personal spending, and 20% for savings or investments. This finance tracker allows you to easily monitor your cash flow and make smarter financial decisions. Ideal for anyone who wants to stay on top of their budget, whether you're saving for the future or managing everyday expenses. Perfect for users who prefer a clear and structured approach to managing their finances.

What is the 50/30/20 Budget?

The 50/30/20 budget is a simple financial planning system: 50% of your income goes to needs, 30% to wants, and 20% to savings or debt repayment. It's ideal for those who prefer not to meticulously track their finances but want an easy way to manage their budget.

How to use the 50/30/20 system?

Start by determining how much money you can allocate to needs, wants, and savings. If your monthly after-tax income is $10,000, you'll have $5,000 for needs, $3,000 for wants, and $2,000 for savings and debt repayment.

Here are some general recommendations for categorizing expenses:

Needs are essential expenses that must be included in your budget. These include housing, utilities, transportation, and at least the minimum payments on your debts.
Wants are discretionary expenses that enhance your lifestyle but aren't necessary. This category includes dining out, drinks, cable TV, streaming services, shopping, memberships and subscriptions, birthday gifts, etc.
Savings or debt repayment includes funds set aside for the future or to pay down debt faster than required. Use this money to start an emergency fund, save for a house down payment, invest for retirement, or pay off student loans or credit card debt more quickly.

If you aim to save more quickly, consider allocating some of your wants budget to extra savings.

What kind of debt repayment should be included in the 20% ratio?

Include only debt payments above the minimum required in the 20% category. The minimum payment on your debts belongs in your needs budget.

How do I know if the 50/30/20 budget is right for me?

To determine if the 50/30/20 budget is right for you, you should consider your personal financial situation and goals. This budgeting method divides your after-tax income into three categories:

50% for Needs: These are essential expenses you can't live without, like rent, utilities, groceries, and insurance. If you find that your needs take up more or less than half of your income, you might need to adjust the allocation to fit your situation.
30% for Wants: This category covers non-essential items that improve your lifestyle, like dining out, entertainment, and travel. If you’re spending too much on "wants" and have little left for saving, you may need to cut back in this area.
20% for Savings and Debt Repayment: This portion goes toward saving, investing, or paying off debt. If you don’t have much debt or specific savings goals, you might allocate more to other areas.

If you have specific financial goals, such as buying a home, investing aggressively, or paying off debt faster, you might need to adjust the percentages. The 50/30/20 rule is a helpful starting point, but it’s essential to tailor it to your unique needs and priorities. If you're struggling to control spending or save enough, this method can be a good tool to help manage your finances effectively.

Title

FAQ

Have questions? We’re here to help

What is a Notion template?

A Notion template is any publicly shared page in Notion that can be duplicated. They allow you to share your favorite workflows with the community, or duplicate other workflows that you want to use.

How do I use a template?

Once you identify the template(s) you’d like to use, click the Start with this template or Get Template button. If you’re already signed into Notion, the template will automatically be added to your workspace in the Private section of your sidebar. If you’re logged out or don’t have a Notion account, you’ll be prompted to sign in or create an account first.

How do I make a Notion template?

You can make any Notion page a template by clicking Share in the top right, select the Publish tab, and click the Publish to web button. Make sure the Allow duplicate as template is toggled on. To share, use the public-facing URL or click the Copy web link button in the Publish tab.

How can I customize the template?

Once you’ve added a template into your workspace, you have endless options for what you can change, edit, or update to fit your needs. Templates are just a starting point to help you create your ideal workspace.

Here are a few common updates and changes that you can make once duplicating a template:

Pages — Update the page cover photo, add/change an icon, and change the page title.

Text — Add formatting, like bold, italics, text color, and background color. Change heading levels, add bullet or numbered lists, and move sections around.

Blocks — Add blocks like callouts, toggle lists, or tables. Remove blocks that you don’t need to reduce clutter or make space for extra blocks.

Databases — Change property names, types, and icons, or add/remove properties that don’t fit your needs. Add new database views, like boards, lists, calendars, timelines, or galleries.

Can I return or exchange the template?

Unfortunately, due to the digital nature of our Notion (or Google Sheets) templates, we are unable to accept returns or exchanges.

If you encounter any issues or have questions about the template, please reach out to us. We'll be more than happy to assist you and provide any necessary support.

Please ensure to review the template details and preview images before making a purchase. We strive to provide accurate descriptions and representations of our templates to help you make an informed decision.

Title

Reviews

Managing finances can often feel overwhelming, but this planner really simplifies the process with a beautifully designed and highly functional template. It’s comprehensive and user-friendly, I highly recommend it! I also appreciated the bonus resources, like the video tutorial and the e-book, which were incredibly helpful for an inexperienced Notion user like myself still learning its capabilities. Highly recommend

Shelving

United States

Recommends this item

It was very easy to adapt! different from all other notion templates that have too many pages and information, it's simple to see the things I need to get done and update everything when I need to! Highly recommend

Brandy Allen

United States

Recommends this item

I love this but 1 am still struggling with understanding Notion which is not the fault of the creator. Beautiful design! Highly recommend.

Savannah

Australia

Recommends this item

Highlights

Designed by Plandio

Digital product. No physical item will be shipped.

Digital file type(s): PDF

Your files will be available to download once payment is confirmed.

Instant download items don’t accept returns, exchanges or cancellations. Please contact us about any problems with your order.

Title

FAQ

Have questions? We’re here to help

What is a Notion template?

A Notion template is any publicly shared page in Notion that can be duplicated. They allow you to share your favorite workflows with the community, or duplicate other workflows that you want to use.

How do I use a template?

Once you identify the template(s) you’d like to use, click the Start with this template or Get Template button. If you’re already signed into Notion, the template will automatically be added to your workspace in the Private section of your sidebar. If you’re logged out or don’t have a Notion account, you’ll be prompted to sign in or create an account first.

How do I make a Notion template?

You can make any Notion page a template by clicking Share in the top right, select the Publish tab, and click the Publish to web button. Make sure the Allow duplicate as template is toggled on. To share, use the public-facing URL or click the Copy web link button in the Publish tab.

How can I customize the template?

Once you’ve added a template into your workspace, you have endless options for what you can change, edit, or update to fit your needs. Templates are just a starting point to help you create your ideal workspace.

Here are a few common updates and changes that you can make once duplicating a template:

Pages — Update the page cover photo, add/change an icon, and change the page title.

Text — Add formatting, like bold, italics, text color, and background color. Change heading levels, add bullet or numbered lists, and move sections around.

Blocks — Add blocks like callouts, toggle lists, or tables. Remove blocks that you don’t need to reduce clutter or make space for extra blocks.

Databases — Change property names, types, and icons, or add/remove properties that don’t fit your needs. Add new database views, like boards, lists, calendars, timelines, or galleries.

Can I return or exchange the template?

Unfortunately, due to the digital nature of our Notion (or Google Sheets) templates, we are unable to accept returns or exchanges.

If you encounter any issues or have questions about the template, please reach out to us. We'll be more than happy to assist you and provide any necessary support.

Please ensure to review the template details and preview images before making a purchase. We strive to provide accurate descriptions and representations of our templates to help you make an informed decision.