70/15/10/5 Budget templify Template | Excel & Google Sheets | Essential Living Budget

📊 Essential Living with the 70/15/10/5 Budget
The 70/15/10/5 Essential Living Budget is designed for those who prioritize necessities, financial stability, and consistent growth. This method helps you focus on your basic living expenses while still managing savings and staying on top of your debt. Perfect for individuals or families who want to ensure a solid financial foundation while keeping their spending in check.

💡 IDEAL FOR THOSE WHO:
✔ Want to prioritize essential living expenses
✔ Need to maintain financial stability while staying on top of debt
✔ Seek a simple, straightforward budget that keeps things balanced
✔ Want to ensure that savings and future planning are not neglected

🔢 HOW IT WORKS – THE 70/15/10/5 RULE:
✔ 70% Needs – This is the largest portion of your income, covering your essential expenses like rent, utilities, groceries, transportation, and healthcare. By allocating 70% of your income to needs, you ensure that your basic life costs are always covered.
✔ 15% Wants – While it’s important to keep discretionary spending low, this portion allows you to enjoy life with entertainment, dining out, and hobbies, helping you strike a balance between necessity and enjoyment.
✔ 10% Savings – Even when budgeting for needs, you still need to build for the future. Save for retirement, an emergency fund, or other financial goals with 10% of your income.
✔ 5% Debt Repayment – Responsible debt management is key to maintaining financial health. This portion of your budget is dedicated to paying down debt, such as credit card balances, loans, or other obligations.

🔍 KEY BENEFITS:
✅ Essential Focus – The 70% allocation to needs ensures that your basic living costs are well-managed
✅ Automatic Calculations – The template does the math for you! Simply input your income, and the rest is calculated automatically
✅ Excel & Google Sheets Compatible – Use it on any device, anywhere, at any time
✅ Future-Proof Your Finances – With 10% for savings and 5% for debt, you’re building a secure foundation for tomorrow
✅ One-Time Purchase – Download and use for a lifetime without recurring fees

🎯 The 70/15/10/5 Budget Spreadsheet is for individuals and families looking for a stable, practical budgeting method that prioritizes living expenses while ensuring savings and debt management.