4 Easy Budget Plans To Make Budgeting Easier

Budgeting is difficult. We've got so many things coming at us that it's hard to keep things straight when it comes to where our money is going.

But today, I'd like to help you simplify it! We've got four different free templates. While each budget is slightly different, they'll all help you simplify your finances and save more money. Click on the budget and you’ll see a specific plan for how to handle your money every month.

And who couldn't use a little bit more of that coming into the holidays?!

"A budget isn’t about restricting what you can spend. It gives you permission to spend without guilt or regret."

• Dave Ramsey

Which Budget Is Right For You?

The 50 30 20 Budget

First, this budget is the most popular. It allocates 50% of your budget to your needs, 30% to wants, and 20% to savings. If you’re a beginner at budgeting this is a great option for you. It gives you plenty of flexibility and you can tweak between your needs and wants.

Plus, by following the rule, you’ll be saving consistently every month. It’s a big winner!

See the budget plan template for 50 30 20

The 60 30 10 Budget

This budget is the most aggressive! You save 60% (you read that right), spend 30% on needs, and 10% on wants. If you're ambitious and looking to supercharge your savings, then this is a great budget for you.

This is also an excellent option if you want to pull yourself out of debt quickly.

Find more with the 60 30 10 budget rule template

The 60 20 20 Budget

Next, this budget breaks down into 60% needs, 20% savings, and 20% of wants. This budget is a great "middle of the road" plan that's flexible enough to let you spend on things you enjoy while still maintaining a great savings rate. It’s a slight tweak on the original 50 30 20 budget

See the 60 20 20 rule budget plan

"Budgeting is not just for people who do not have enough money. It is for everyone who wants to ensure that their money is enough."

• Rosette Mugidde Wamambe

70 20 10 Budget

Next, the 70 20 10 budget includes 70% for both needs and wants, 20% for savings, and 10% for debts or donations. This plan is slightly more aggressive than the one above.

It also has a specific allocation for paying down debts if you have them. And if you're looking for a plan to include giving or tithing, this one is perfect for it!

See more with the 70 20 10 rule template

In Conclusion

Regardless of which way you go, these plans will help you get your financial house in order! And they are simple enough that you can use them forever.

Don't forget to grab the free templates to use with them! How do you like to budget? Do you split your money into categories? Leave a comment below and let me know!

"Budgeting isn’t about limiting yourself – it’s about making the things that excite you possible."

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Jenn writes at her blog healthyhappyimpactful.com. She’s a mom of three looking to learn and grow. Check it out if you love helpful tips on health, family, and personal growth.