From the course: Build Sustainable Wealth and Get Out of Debt

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More information on the 10-20-70 worksheet

More information on the 10-20-70 worksheet

From the course: Build Sustainable Wealth and Get Out of Debt

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More information on the 10-20-70 worksheet

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- Here's an example of a 10-20-70 worksheet with more detail. You can get as detailed as you want to with the numbers you put in here on the left hand side of your 10-20-70 worksheet. You can input every single expense if you want to and the graph shows up on the right hand side. This 10-20-70 worksheet is fairly balanced. There's one thing to note right here. These people are spending over 70% of their income on lifestyle expenses. Now, the 10-20-70 is a guideline, but if you're spending over 70% on lifestyle, you may want to take a closer look at your lifestyle expenses. There could be something you can quickly cut to save extra money easily. Notice right here too, the $300 entry for gasoline. This frequency is different than many of the other expenses on the sheet and that's okay. When you put it in this way on the Excel sheet, the calculation is done automatically. So whatever you're looking at on the reporting…

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