What is Plain Personal Budget?

A Plain Personal Budget is a detailed breakdown of an individual's income and expenses that helps them track their spending and savings. By creating a budget, you can better manage your finances, set financial goals, and plan for future expenses.

What are the types of Plain Personal Budget?

There are several types of Plain Personal Budgets that individuals can choose from based on their financial goals and preferences. Some common types include:

Zero-Based Budget: Every dollar of income is allocated to a specific expense or savings goal.
50/30/20 Budget: 50% of income goes to needs, 30% to wants, and 20% to savings.
Envelope Budget: Cash is divided into envelopes for different spending categories to control expenses.

How to complete Plain Personal Budget

Completing a Plain Personal Budget is essential for effective financial management. Follow these steps to create and maintain your budget:

01
List all sources of income, including wages, investments, and any other money coming in.
02
Track all expenses, categorizing them into needs (like rent and groceries) and wants (like dining out and entertainment).
03
Set financial goals, such as saving for emergencies, paying off debt, or investing for the future.
04
Adjust your budget as needed, regularly reviewing and tweaking to stay on track with your financial goals.

Using pdfFiller empowers you to effortlessly create, edit, and share your Plain Personal Budget online. With unlimited fillable templates and robust editing tools, pdfFiller is the ultimate PDF editor to help you stay organized and achieve financial success.

Video Tutorial How to Fill Out Plain Personal Budget

Thousands of positive reviews can’t be wrong

Read more or give pdfFiller a try to experience the benefits for yourself
5.0
AMAZING CUSTOMER SUPPORT!
AMAZING CUSTOMER SUPPORT!! A+++ Product outperformed other PDF software for my needs at the time! Customer services are A++, an annual subscription fee was taken as I had forgotten to stop this after my use, upon emailing pdfFiller's 'Live chat' the refund was processed and I received a confirmation email of this from PayPal in less than 30 seconds! If it wasn't for Covid19, I would have continued the subscription, but after losing my job my finances are paramount! Hopefully I will be in a position to return to your service in future! Thankyou pdfFiller!
James Hopkins HOPXINS
5.0
I tested the free trial and it's easy.
I tested the free trial and it's easy… I tested the free trial and it's easy to use. Will definitely subscribe when I need to. Customer service is great. Very quick response.
clariza patino
4.0
Really great website and tool Really great website and tool, easy to make it wor...
Really great website and tool Really great website and tool, easy to make it work and the support team is GREAT!
Alexandre Bacquet

Questions & answers

The basic rule of thumb is to divide your monthly after-tax income into three spending categories: 50% for needs, 30% for wants and 20% for savings or paying off debt. By regularly keeping your expenses balanced across these main spending areas, you can put your money to work more efficiently.
For those who don't know, the 50-30-20 budget plan is an American concept that seeks to save money and budget your money smartly. After taxes, your income should be divided into: 50% on essential needs. 30% on wants. and 20% on paying off your debt or setting aside funds in case of an emergency.
The 70-20-10 budget is ideal for people who are beginning to learn how to manage their income. One of the disadvantages of the 70-20-10 budget is that it doesn't separate discretionary spending from costs of living.
For people to make the switch to 70-10-10-10 means that they have to inflate their savings from 6% to 20% and their charitable giving from 3% to 10%. That money has to come from somewhere, and it comes from living expenses.
Try the 50/30/20 rule as a simple budgeting framework. Allow up to 50% of your income for needs. Leave 30% of your income for wants. Commit 20% of your income to savings and debt repayment.
Creating a budget Step 1: Calculate your net income. The foundation of an effective budget is your net income. Step 2: Track your spending. Step 3: Set realistic goals. Step 4: Make a plan. Step 5: Adjust your spending to stay on budget. Step 6: Review your budget regularly.