Creating a budget spreadsheet8/13/2023 We developed a 5-step plan to help you create a personal budget and stick to it over the long haul. It’s seriously the first step to go from where you are with your money to where you want to be.The secret to saving more and spending less every month isn’t a secret at all - it’s a budget. And if you if you haven’t yet, download your personal Quick-Start Budget template.If you’re curious how your spending lines up with recommended budgeting percentages and common averages, you can find that info here.If this budgeting flyover zoomed by too quickly, check out our Complete Guide to Budgeting!.Here are three more helpful resources before you go: It’s so much better than penciling in every transaction and doing the math yourself or rewriting a budget every month. Download the app (for free!), plug in all those numbers you organized on your budget template, and take your budget with you. It really is! It helps you level up from budget dreamer to budget planner.īut once you get those first three steps on paper, it’s honestly way easier to keep up with it all when you’ve got an easy-to-use budgeting app like our personal BBFF (budgeting best friend forever), EveryDollar. Okay, you probably noticed those last two steps aren’t on your monthly budget template. And do this before the month starts so you can get ahead of what’s coming your way. Don’t forget month-specific expenses (like holidays or seasonal purchases). So, create a new budget every single month. Your budget won’t change too much from month to month-but no two months are exactly the same. Make a new budget (before the month begins). That means you’re tracking everything that happens to your money all month long! This is how you keep an eye on your progress and keep from overspending.ĥ. How do you stay on top of your spending? Track. Track your transactions (all month long). These next two tips will help you stick to it and make it actually work for you.Ĥ. You just need to cut spending (or increase your income!) until you get to zero. This is great! Then put those dollars toward your current Baby Step. Because you work hard for your money, people. What it does mean is that you’re giving all your money a job-paying the bills and moving you forward on your money goals. Leave a little buffer in there of about $100–300. No, this does not mean you let your bank account reach zero. When you do the math on your budget planner sheet, your income minus your expenses should equal zero.
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