SavingsPinay’s The Budget TemplateNovember 15, 2020
Finally! The Budget Template is now out!
The Budget Template is based on the 50-20-30 Rule of Budgeting, a rule of thumb popularized by American Senator Elizabeth Warren in her book, All Your Worth: The Ultimate Lifetime Money Plan.
The basic rule is to divide your after-tax income into three categories – 50% on Needs, 30% on Wants, and 20% on Savings/Investments. It is one of the simplest and the easiest budget techniques you can use to decide what percentage of your income goes to expenses, savings or others.
Now, The 50-20-30 Budget Rule suggests that your essential expenses should be limited only to 50% of your net income. Your financial goals are 20% of your net income and your lifestyle wants to be 30% of your net income.
Essential Expenses (Needs)
When we say Essential Expenses these are your needs, the fixed items that you certainly need to pay no matter what. Example will be your house rent, transportation allowance, food/grocery and/or utilities, electric bills.
Financial Freedom (Savings and Investments)
When we say Financial Freedom these are your savings and investments. Money meant to help you towards better financial security. Count on here your debt payments, loans, savings and/or investments from different investment vehicles you own.
Lifestyle Fund (Wants)
When we say Lifestyle Fund these are your “flexible spending” meant to pay for things that you personally want like hobbies, shopping and other miscellaneous expenses. Included in this is gym membership, clothing/shoes shopping allowance, etc.
The 50-20-30 Budget Rule is also flexible enough to match your income and lifestyle. You can change the rule to 80-10-10 or 70-20-10 depending on your financial preference. Think of it more as a guideline to strategically determine how much money you should be spending on what.
Please note of the following:
This is a downloadable/printable product. Upon confirmation of your purchase, we will send you via email the access to the Google Drive Folder.
Included in what you can download are the following:
Instruction on How to Use The Budget Template
Two (2) Examples of Pre-filled The Budget Template
The Budget Template (Fillable version) – After downloading the file simply open to any browser and you will be able to edit it.
The Budget Template (Printable version)
And it’s only Php 49.00.
Pay once, and have the copy on your computer forever! You can print it monthly as you do your budget and/or fill-in the fillable version instead. The choice is up to you!
To avail the downloadable/printable The Budget Template, simply fill out the form here.
There are two payment methods available – You may send your payment through GCash and/or BPI.
For GCash, please make the payment to 09298515943.
For BPI, please make a bank transfer to Account Number 1439064338 with Account Name Clariza M. Glino. Don't forget to take a screenshot of the confirmation receipt and/or deposit slip and upload it in the form.
Do note that the access to the purchased file will be sent to you manually via email. You won't get it automatically upon paying, but within 24 hours of confirmed purchase. Please check your inbox and/or spam folder. If after 24 hours and you have yet to receive your purchased item please send an email to firstname.lastname@example.org.
Thank you so much for supporting SavingsPinay.ph!
If you made your purchase and started using it, don't forget to post a photo on Facebook or Instagram using the #TheBudgetTemplateSP
Izza of SavingsPinay helps Filipinos bridge the financial literacy gap one content at a time by providing insights and tips on budgeting, saving, investing, side hustle and growing your net worth. Aside from this blog she also writes at www.izzaglinofull.com, a beauty and lifestyle blog for frugal Pinays and manages, www.izzagevents.com, a wedding and event business since 2011. For inquiries, topic suggestions or future collaborations email her at email@example.com