Notion Template : Budget planning & Debt tracker

A budget planning and debt tracking template can be useful for individuals or households who want to keep track of their income, expenses, and debts in one place. The template should have the following sections:

• Income: This section should include all sources of income, such as salary, investments, and side hustles.
• Expenses: This section should include all categories of expenses, such as housing, transportation, food, entertainment, and debt payments.
• Debt Tracking: This section should list all debts, including credit card balances, student loans, car loans, and mortgages. It should also include the interest rate and minimum monthly payment for each debt.
• Budget: This section should display the total income, expenses, and debt payments, and calculate the difference between the two. If expenses exceed income, it should indicate the amount by which they exceed and offer suggestions for reducing expenses or increasing income.
• Monthly Tracking: This section should allow the user to track their actual expenses and income against the budget and savings goals on a monthly basis, to see where they stand and make adjustments as needed.

A little preview of this template could be found here.