However, if covering your essential costs alone already gives you a negative amount, then look into your list again and see where you can cut back. If you still have extra money left after adding up both essential and non-essential expenses, then you can use that extra money to add into your savings. If you still have extra, see if it is able to cover for the expenses listed in your extra expenses. A personal budget is a financial plan that allocates your income towards routine expenses eventually helping to do savings or debt repayments. Budget worksheet Household goods (such as kitchen items and bedding), Other costs (such as holidays and gifts), Add all amounts and divide by 52. Take the Total Amount of the Cost for Essentials from your Incomeĭeduct the total amount of essential expenses from your total income. Get the separate total for your extras and a separate total for your essentials. Look through your list of extra expenses and mark those that you do not immediately need to purchase or pay immediately.Īdd Up the Total Amount for Both CategoriesĪdd up the total cost of expenses for both extra and essential expenses. Personal Monthly Budget - Like the one above, but less detailed, and designed to fit on a single page. If you want to save money for a specific goal, you may need to pay yourself first with even 5 or 10 into a savings account to ensure money goes toward your goal every montheven if that means. Family Budget Planner - This is the 12-month version of the household budget spreadsheet listed above. For example, you may decide you want to use your budget to help you get out of debt, buy a home, or save up for your kids’ future education. One category should be the expenses that are important or the items that are essentially needed, while the other one contains extra expenses or items that you do not necessarily need unless you have extra cash for it. Money Management Template - Record transactions to automatically populate the budget vs. Organize your expenses by putting them into categories. pdf-1020-make-budget-worksheetform.pdf (507. Also, use the worksheet to plan for next month’s budget. Tracking your receipts from previous purchases will help you make an average computation of the money you put out each month and figure out which item costs too much and if you can cut back on it. Use this worksheet to see how much money you spend this month. Download How to Make an Effective Budget Planīy using our Budget Forms or Sample Budget Forms, you can easily keep track of the amount of money that you earn or the amount of money that comes in and the amount that you spend every month.
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