60/20/20 Budget Spreadsheet Template | Excel & Google Sheets
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60/20/20 – Security First (Prioritizing Financial Security)
This budgeting template is designed to help you prioritize your financial security, ensuring that your essential needs are always covered while also setting aside money for future savings. The 60/20/20 rule focuses on striking a balance between your immediate expenses, personal desires, and long-term financial goals.
For Whom Is This Spreadsheet?
If you're someone who wants to focus on building a secure financial future, this template is perfect for you. It is ideal for individuals who want to:
- Safeguard their financial security by focusing on essential needs.
- Control spending by allocating a set percentage for wants and savings.
- Plan for emergencies and future goals like retirement.
How Does It Work?
The 60/20/20 rule is easy to follow and allows you to stay on track with your finances:
- 60% Needs: This portion of your budget is allocated to your essential expenses. These are the "must-have" expenses, such as rent, utilities, groceries, transportation, and any other necessary payments. This ensures that your basic lifestyle is covered, no matter what.
- 20% Wants: This is the fun part of your budget, allowing room for hobbies, entertainment, dining out, and personal indulgences. While needs come first, this category helps you enjoy life within your budget.
- 20% Savings: Focusing on long-term financial security, this section is dedicated to savings, building an emergency fund, contributing to retirement, and investing. Having this financial cushion ensures you're prepared for both expected and unexpected events.
Why Choose the 60/20/20 Budgeting Template?
- Simple and Clear Allocation: With its straightforward categories, you can easily allocate your money and see exactly where it’s going. No more confusion or second-guessing!
- Security-Focused: The 60/20/20 rule prioritizes your needs and savings, helping you focus on financial stability before enjoying extra spending. It’s perfect for those who want to make sure they are secure now and in the future.
- Balance Between Wants and Savings: Unlike more restrictive budgets, this model still gives you room for personal enjoyment, while ensuring you're not sacrificing your future financial well-being.
Benefits of This Template:
- Peace of Mind: You know your essential expenses are covered, and you're making progress on your savings goals.
- Easy to Use: Set up and start budgeting with minimal effort. The template takes care of the hard work for you.
- Flexible and Customizable: While the 60/20/20 rule is an excellent starting point, you can adjust the categories to suit your specific needs, allowing for more flexibility.
This budgeting template is perfect for anyone who wants to prioritize financial security without sacrificing enjoyment. Whether you’re saving for the future or just want peace of mind about your spending habits, the 60/20/20 – Security First template is a simple, effective solution to manage your finances!
WHAT’S INCLUDED?
- Step-by-step instructions
- 4 Templates of Spreadsheets
- Sample Google Sheet with Mock Data
- Blank Google Sheet
- Sample Excel with Mock Data
- Blank Excel
- Editable in Google Sheets and Microsoft Excel
- Compatible with MAC, PC, Phones, or Tablets
FEATURES & LIMITATIONS
- Automated Calculations: All totals, charts, and summaries update automatically when data is entered. No manual math required.
- Currency Customization: For all budget and finance-related templates, you can easily change the currency symbol (USD, EUR, GBP, etc.) in just a few clicks.
- Protected Formulas: Certain cells and tabs are locked to prevent accidental deletion of complex formulas, ensuring your template works perfectly. However, no passwords are required—you can easily unlock the sheets if you wish to customize the structure.
- Language: This template is provided in English
- No Macros: We use advanced formulas instead of VBA macros, making the files safer and more compatible across different devices.
HOW IT WORKS & REQUIREMENTS
SYSTEM REQUIREMENTS:
To ensure all features and automated functions work correctly, you will need:
- Microsoft Excel: A subscription to Microsoft 365 (formerly Office 365) is strictly required. Older versions (Excel 2019 or earlier) may not support all formulas.
- Google Sheets: A free Google Account if you prefer using the web-based version.
- Device: A desktop or laptop is highly recommended for the best experience. Mobile devices may have limited editing capabilities.
HOW IT WORKS:
- Purchase and download your files instantly.
- Open the PDF file to access your unique Google Sheets link.
- Open the Excel file directly if using Microsoft 365.
- Follow the setup instructions inside and start planning!
IMPORTANT TO KNOW:
- Compatibility: This template is exclusively designed for Microsoft 365 and Google Sheets. It is not compatible with Numbers (Apple), LibreOffice, or OpenOffice.
- Refund Policy: Due to the instant nature of digital downloads, no refunds or exchanges can be given once the files are downloaded. Please verify your software compatibility before purchase.
- Personal Use Only: Your purchase grants you a single-user license. Re-selling, sharing, or distributing this template in any form is strictly prohibited and protected by copyright law.
DISPLAY & COLOR DISCLAIMER: The visual appearance of the spreadsheet may vary slightly depending on your screen resolution, color settings, and device hardware. For the best experience, we recommend using a desktop or laptop.
NEED HELP? If you have any questions, feel free to reach out to us at spreadsheetshub.office@gmail.com or info@spreadsheetshub.com. You can also contact us on WhatsApp for assistance.
