60/20/15/5 Budget Spreadsheet Template | Excel & Google Sheets

60/20/15/5 – Stability & Growth Budget (More focus on essentials and financial security)

The 60/20/15/5 Stability & Growth Budget is a simple yet effective way to manage your finances, focusing on essentials while ensuring growth and financial security. This method is ideal for anyone who wants to prioritize long-term financial stability without sacrificing life’s pleasures.

How It Works:

• 60% for Needs:
  Prioritize housing, utilities, groceries, healthcare, and other essential expenses. This portion ensures your basic living costs are covered.
• 20% for Wants:
  Enjoy life with a 20% allocation for entertainment, hobbies, dining out, and luxury items. It allows you to live without overindulgence.
• 15% for Savings:
  Set aside 15% for future investments, retirement, or an emergency fund. This builds your financial security over time.
• 5% for Debt Repayment:
  Manage outstanding obligations with 5% dedicated to debt repayment, helping reduce liabilities steadily.

Why It Works:

• Financial Security First: By allocating a large portion to needs and savings, this budget ensures your financial foundation is stable.
• Balanced Enjoyment: With 20% for wants, you can indulge responsibly without overextending yourself financially.
• Simple & Flexible: The clear categories make it easy to track and adjust your spending as needed.
• Future-Proof: With a focus on savings and debt management, this plan supports long-term financial health.

Benefits:

• Easy to Implement: This budget method offers clarity and structure for anyone looking to manage their money better.
• Financial Freedom: It helps reduce debt and build savings for the future.
• Accessible: The 60/20/15/5 Stability & Growth Budget Template is available in Google Sheets and Excel, making it easy to track and adjust on the go.

Start taking control of your finances today with the 60/20/15/5 Stability & Growth Budget Template - your path to financial peace of mind and security.