![]() ![]() If your income fluctuates, average out what you earned during the last 3 months to give yourself a good idea of the amount you can expect to earn. List all your sources of income, then total how much you earn each month. It’s also important to track your income and understand how much you’re earning each month. Step 2: List your monthly income.Ī budget isn’t just about watching your expenses. This goal should also motivate and inspire you to stick to your budget long-term so you can see results. What do you want it to help you achieve? Setting a goal before you start working on your budget helps you get clear about why you’re budgeting. Start by setting a goal for your finances. In other words, you don’t want your expenses to exceed your income. The goal is to make sure you have less money going out than coming in. How to start a budgetĬreating a budget is simple. When you see exactly what’s going on with your money, you start to regain control of your finances as opposed to not having an idea of where your money is going. The key benefit of creating a budget is watching over your finances and implementing a clear plan that gives you more visibility. ![]() Perhaps you set up a budget and realized you could afford to set a fixed amount of savings aside each month to put toward the trip. When you set time aside to create a budget, you can take a look at your finances. But when you have a budget and an emergency fund, these can provide you with some instant relief knowing that you can handle the unexpected cost.Īnother way budgeting can come in handy is if you’ve been wanting to take a trip with friends but don’t know whether you can afford it. Let’s say your car broke down at one of the worst possible times. Budgeting can also help you feel more secure and even provide peace of mind for yourself and your family. If you have goals, such as paying off debt, saving for retirement, buying a house, or saving for your kids to go to college, a budget can help. Budgeting may not be the most fun activity, but it’s often worth the effort and can get more enjoyable as you get used to budgeting. Having a household budget can help you get a better understanding of how much money is coming in and what you’re doing with it. Money encompasses many areas of our everyday lives, so it’s nearly impossible to avoid it. ![]() We need money to get to work, pay bills, purchase groceries, pay for our internet, enjoy activities with friends, and travel. Why is budgeting so important?īudgeting is important because most of us use money on a daily basis. Whether you’ve tried budgeting in the past or have yet to create your first budget, this article will help you get started on your budget with ease. Some people may relate the word ‘budget’ to a negative experience, but it doesn’t have to be that way.īudgeting can be done in many different ways and when done well, it can help you spend wisely and plan for short-term and long-term goals. I hope this monthly budget worksheet will help you keep track of your personal expenses.A budget is a tool that helps you manage your money. Thank you for respecting my terms! Related posts A lot of hard work has gone into making these. Terms of Use: Please note that all designs on my site are for personal use only, and may not be sold, altered, redistributed or claimed as your own. Open the PDF files in Adobe Reader or similar PDF reader.ĭownload this monthly budget template here.You can also take the file to a copy shop to get it printed there. You can download Adobe Reader here for free if you don’t have it installed on your computer. If you’re interested in tracking other areas of your life too, you might like this printable life planner. This template will help you notice in which areas you’re spending the most. ![]() It includes a list of monthly personal expenses such asĮach of these expense categories also include subcategories. This budget worksheet template features a modern, minimalist design and comes to you on a PDF page that you can easily print out and fill in with a pen. Just fill in the amount you’d like to budget for each category, add the actual amount you spent, then add it all up. It can be overwhelming coming up with a list of monthly expenses yourself, so this template makes it easy. I may earn a small commission if you decide to purchase something through my links. A free printable monthly budget worksheet on a PDF to help you keep track of your monthly budget and personal expenses! Includes a variety of categories already filled in, so you can get started quicker. ![]()
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