Name:

Date:

Budgeting - the 50/20/30 rule

From LearnVe$t
Monthly income =

$1935

Envelope 1 Fixed
50%
Bills, bills, bills.
Monthly income x 0.50 = $1935 x 0.50 = $967.5
Rent roommates = $900 2 = $450
Car insurance =

$0

Bus pass = $24

W/S/G roommates = $0
Electricity: $62.14 roommates = $31.07
TV: $55.76 roommates = $27.88
Internet: $54.97 roommates = $27.86
Cell phone =

$68.48

Netflix: $8.74 roommates = $4.37

Gym =

$15.89

Total =

$649.55

Envelope 2 Financial Goals

20%
Pay off your debts,
and save for your future.
Monthly income x 0.20 = $1935 x 0.20 = $387
Late credit card payments = $0
Student loans = $0
Savings =

$ 200

Emergency fund = $ 200

Total = $ 400

Envelope 3 Flexible Spending

30%
Make it rain.
Monthly income x 0.30 = $1935 x 0.30 = $580
Food = $400
Gas =

$0

Clothes = $100
Video games

$ 380
$

Total 880