
What is 45/30/20/5 Budget Spreadsheet Template?
A well-rounded budgeting plan with 45% for needs, 30% for savings, 20% for wants, and 5% for debt repayment. This template helps you prioritize essential expenses while focusing on financial growth and debt control. Available for Excel & Google Sheets.
Problem
Users struggle to manage their personal finances effectively with traditional budgeting methods
Traditional budgeting methods often lack structure and efficiency
Lack structure and efficiency
Solution
A spreadsheet template available for Excel & Google Sheets
Budgeting plan with allocations of 45% needs, 30% savings, 20% wants, and 5% debt repayment
Aids users in prioritizing essential expenses and managing debt
Customers
Individuals seeking financial organization and control over their expenses
Demographics: Young professionals, students, and middle-income earners
Behavior: Users interested in improving their budgeting and financial literacy
Unique Features
Pre-defined budget categories emphasizing savings and debt repayment
Compatibility with both Excel and Google Sheets
Focus on financial growth alongside debt management
User Comments
Helpful in organizing personal finances
User-friendly and accessible template
Effective in emphasizing savings and debt management
Some find the 5% debt allocation restrictive
Widely appreciated for its simplicity
Traction
Newly launched on ProductHunt with initial visibility
No specific user or revenue data available yet
Market Size
The personal finance software market is projected to grow to $1.57 billion by 2027
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