Download Template Here
Budget template here: Download
I hope you are all keeping safe in this uncertain COVID-19 times. I have had a couple of requests to share my budget templates to guide expenditures and boost savings/investments during this time.
To this end, I have used my “50:30:20 principle” which is an expansion of the Pareto Principle (80:20 rule) to prepare the attached budget template for adoption. Kindly check on the link below for further explanation on the principle as applied in budgeting. https://desmondbredu.com/posts/2020/budget_p1/
Feel free to adopt a formula that works for you. Also note that the list of expenditure is not exhaustive and will not contain everything. Adjust to suit your needs but the underlying principles should remain same.
Please provide feedback through my social media platforms and I’m happy to walk with you through your budget templates and help you on your financial independence journey. Do share and follow me on my all my platforms.
Keep safe and follow the government guidelines on washing your hands with soap under running water, keeping a social distance, avoid shaking hands and stay home in order to prevent the spread of the virus. Desmond.
Do follow me- DBredu for more tips👍🏾