Creating a budget with Excel: Using the 50/30/20 rule

In this guide, I will explain how the 50/30/20 rule is, and how it can be applied to your finances. I will then show you how to setup an Excel sheet to see how it works, giving you step by step instructions and providing images to go along with them. You can follow along with this guide, even if you don't have any Excel experience. You will need access to Microsoft Excel to use this guide. It's possible to follow along if you're using a different application, but the exact steps may not apply.