For example: Say your monthly take-home pay is $3,000. With the 60/30/10 budget, you would devote $1,800 to needs, $900 to wants and $300 toward savings.

Use NerdWallet's free template to make a budget that aligns with the 50/30/20 spending rule. A budget can show you where your money is going so you can make changes if needed.

This budget worksheet is available as a downloadable PDF or via Google Sheets. If you’re using the spreadsheet version, go to File > Make a Copy to save a copy you can edit.

Housing The most important part of your monthly budget is the amount you spend on housing, and chances are, it’s also the biggest. Research from the Bureau of Labor Statistics found that ...