A well-crafted budget can help you save money, pay down debt, and achieve other financial goals. Preparing a monthly budget is essential for anyone looking to gain more control of their personal finances. For that reason, you won’t have a true representation of your financial health and you could be missing valuable information that can help you make better-informed decisions. Without a budget template, minor or variable expenses may fall through the cracks and not be accounted for. By tracking your expenses and income in a professional template, it’s a lot easier to keep track of minor details. Helps you track minor detailsĪ budget is only as good as the data it contains. Now that you’ve got a handle on what a budget template is, let’s look at a few of the benefits of using one. Expenses: Food, transportation, medical, utility, debt, pet, and variable expensesīudget templates also add these individual amounts together, showing you what you’re spending and earning in each individual category.ĭownload Excel template Why use a personal monthly budget template?.Income: Wages, tips, capital gains, bonuses.Generally, a personal budget template splits your income and expenses into categories like: In other words, a done-for-you template takes the guesswork out of creating a budget. While you can create your own budget planner, using a ready-made template guarantees that you’re not neglecting important financial information. And most importantly, a monthly budgeting template provides a bird’s eye view of your current financial situation. It lets you compare your budgeted expenses and income versus your actual expenses and income. Get the template What is a personal monthly budget template?Ī personal monthly budget template helps you plan your spending. We’ll also take a look at ’s personal monthly budget template. In this article, we’ll introduce you to a variety of monthly budgeting spreadsheets, worksheets, and planners that can help you in your budgeting journey. You have to experiment until you find the best option for you.Much of the anxiety around budgeting your money can be reduced with a little proactivity, persistence, and the right budgeting template. Real Life Examples of a Variable Income Budget:Īs you can see there are many different ways to budget your money. Variable Income? 3 Options for Budgeting Roller.How I Budget with a Variable Income Get Rich Slowly. Here’s some more info on budgeting variable income: So for me, once all expenses are covered everything else goes toward down payment savings. While I tried to do a zero sum budget the truth is my income is never going to exactly match up to the number I listed. Realistically, this is how my budget works. My way of doing it is to make a budget of expected expenses and then decide what to do with the rest of the money once I know what’s leftover. So I’m wanting to call this a variable income budget but I think this budget is what a lot of people use whether they have variable income or not. Free Printable Cash Budgeting Envelopes Today’s Nest.How We Switched from Debit to Straight Cash Money Saving Mom.Here are some great articles on using a cash budgeting system from people who actually like this technique. That doesn’t mean it won’t work for you though. I like to feel the burn of each individual transaction coming out of my bank account so withdrawing a large amount of cash at the beginning of the month doesn’t do anything for me. For me it’s harder to track cash and I spend cash like it’s going out of style. This is by far my least favorite budgeting system. The cash envelope system was made popular by Dave Ramsey. The cash budget is just how it sounds – you delegate certain amounts of cash to certain budget categories. Our One Income Family Budget Budget Mama.How to Make a Zero Based Budget in 3 Easy Steps 14:28.How to Do a Zero Sum Budget with Slower.The Zero Sum Budget: How it Can Help You Become Wealthy Kept Wallet.Here are some more details on setting up a zero sum budget: You divvy up all your income between expenses, investments, and savings until you’re left with a $0. With a zero sum budget you tell your money where to go at the beginning of each month. The zero sum budget is what I try to use but since my income fluctuates isn’t always realistic for me. So today I thought it’d be fun to explore the personal finance blogosphere, look at some types of household budgets, and some real life budget examples! The Zero Sum Budget You should experiment with your money management systems until you find what you like and find something that you can actually stick with. What works for me might not work for you and vice-versa. We’re all in different stages of our life and we all have different personal preferences. I am a firm believer that there is no one right way to manage money.
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