But in most markets, $700 a month will get you somewhere to sleep. This budget assumes that your healthcare costs are covered by insurance premiums taken out of your pay by your employer. You'll allocate most of that to housing, transportation, and food. In this sample budget, half your monthly paychecks amount to $1,500. Here's a look at your set-up costs through the lens of the 50/20/30 rule. Since beginning the next phase in your life, there are things you'll have to spend on right away. How much of that can you spend on each expense? The Consumer Financial Protection Bureau recommends the 50/20/30 rule: Spend half your take-home pay on needs, 20 percent on savings and paying off debt, and no more than 30 percent on things you want. Needs, Debts, Savings, and Wantsĭepending on what state you live in, gross income of $55,000 a year turns into take-home pay of around $3,000 per month. That's just about the average starting salary for the class of 2020. If you’ve graduated and are still on the job hunt, it’s even more critical to create and stick to a budget, and you’re not alone, more than 45% of 2020 graduates were still looking for work as of May 2021.īelow is a sample budget for a new graduate earning $55,000 a year. For too many new grads, spending outstrips new income, resulting in too much debt. If you are starting a new job, you may have more income than ever before - but also more expenses. Lots of things will be different after graduation, so it’s crucial to start with a budget that will transition with you. You won't need to worry about your calculating skills when you use a budget template-focus your energy on saving and let a template do the rest.With easy-to-use templates, you'll save time and money year-round by creating beautiful custom cards.One day you're tossing your graduation cap in the air, and the next day, you’ve moved on to the next phase of your life.

Browse budget templates made for a range of uses, from regular monthly budgets to budgets focused on weddings, college, or saving for a home.

By visualizing your expenses and financial goals, you'll be able to see exactly where your money goes. Whether you're managing the office budget of a small business or need to track your personal expenses, using a template makes it easier to stay organized. Monitor all of your home or business expenses accurately and decide what areas of your budget can be better managed. Simplify your monthly or weekly budgeting by using a free, customizable budget template. Reaching your financial goals takes careful planning and saving-using the right tools is the first step to budgeting effectively. Create Business budgets Invoices Payroll Employee recognition Employee training Hiring and recruitment Business timesheets Brochures Business cards Contests Flyers Newsletters Open house Pamphlets Posters Sales Agendas Minutes Presentations Gantt charts Memo Pitch decks Surveys Planners and trackers Back to school College tools Graduation Papers and reports Class posters Lesson plans Student awards and certificates Teacher communication Teacher presentations Decorations Event flyers Event posters Invitations Holiday Anniversary Baby announcements Birthday Memorials Wedding Health and workout trackers Journaling Positive affirmations Calculators Kids activities Labels Letters Lists Personal budgeting Cover letters Resumes Coloring books and pages Floral and garden Menus Photo albums Scrapbooking Travel Volunteering Writing Facebook Facebook ad Facebook cover Facebook post Facebook story Instagram Instagram post Instagram story LinkedIn Pinterest Pinterest ad pin Pinterest pin TikTok Twitter Twitter header Video YouTube Designer Word Excel PowerPoint Forms Clipchamp Loop Learn & grow

Sample monthly budget for single person