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Everything you better know about budgeting
Are you someone who lives paycheck to paycheck?
Or maybe you are someone who has found themselves in debt?
How do you start a budget?
This article fromDebt.combreaks down the financial burden that many Americans face because they dont or havent planned their money.
It shows some pretty scary but interesting stats that really make you think.
You just make it work for you.
Know your monthly income
prior to beginning making a budget you should know your monthly income.
If you receive your monthly paycheck with taxes deducted then what is left is your monthly income.
If you are self-employed, be sure to calculate the exact amount you receive monthly.
Differentiate your fixed and variable expenses
You will need to note the difference between your expenses.
What expenses are fixed and what are variable?
What expenses could you cut back on?
For example, do you really need all that added data for your cell?
Can you switch suppliers to save on electricity or gas?
Does anyone actually use a landline anymore?
I dont want to tell you not to have a life!
But think about what you’re able to cut back on here.
Do you need that bottle of wine?
Could you get a cheaper bottle?
Why not have a fakeaway at home rather than dining out?
Its not about stopping the fun, its about making some changes to cut costs.
Tally them up separately.
How much money covers your fixed bills?
How much money covers your variables?
Its important to compare your monthly income to your monthly expenses.
If you have more income than expenses then youre off to a good start but thats not enough.
Its not about living paycheck to paycheck.
its about getting the most out of your money.
One of the easiest budgeting methods I like to use is the 50, 30, 20.
This is a budget method that most financial advisors recommend and it can help you create a basic budget.
What is the 50 30 20 budget rule?
The goal is to divide your take-home pay between three sections.
Its as simple as this:
Look at it this way Remember the fixed expenses above?
Lets get on to making a budget planner that will help you on your journey to better money management.
What are budget planners?
What does a budget planner do?
Using a budget planner can really benefit you in a number of ways.
We have money tied up everywhere and it can be so hard to lose track of where it is.
Using our budget templates helps you:
Is a budget planner worth it?
This planner can be used for years to come.
What should be included in a budgeting planner?
Take our financial planner, for example, Its incredible, beautifully designed, and guaranteed to help.
But you might have other pages that you want to include to make it work more for you.
Having a printable binder allows you to create something from anything including pages you already have and love.
What is the best budget planner?
What makes a good budget planner?
Hopefully, our selection of planners has helped make choosing a budget planner that little bit easier.
Every page is easy to follow and if you ever need help or advice then we are always here!
We also offer you four different planner themes to suit your style!
Each planner theme is beautifully designed and each page has been carefully created to give you the best experience.
You will find all four of our Financial Planners are US Letter size.
Ready to see whats inside our Financial Budgeting Planner?
Then write down the steps that you will take to achieve your goal.
Breaking your goal into actionable steps will make it much easier to complete.
Simple budget tracker
Keep track of your monthly income and monthly expenses with this printable budget tracker.
There is also space to track your daily spend along with a breakdown at the bottom.
This simple budget tracker can be used every month.
Just print a new page for a new month!
Calculate the total to see the difference.
Print out a copy of this page for every month.
This undated bill payment calendar covers a week so print enough for the month and fill it in.
Simple print a checklist for every month.
Bill payment planner
People like to have options when it comes to logging their bill payments.
This bill payment planner allows you to see what bills are due in what month of the year.
Think of it as a year at a glance for bills.
Medical expenses tracker
Use this page to track your medical expenses.
Credit card info
This is a page for storing any credit card information keep it safe!
Print a debt tracker for each of your debts to help you manage them separately and more easily.
Savings tracker
This is a great savings tracker and will really help you stick to your goal.
Retirement tracker
Many people dont have a clue about whats actually going on with their retirement money.
Or what their current total is?
Stay on top of your retirement contributions, after all, it is YOUR future.
Donation tracker
Like to donate to your favorite charity?
Or maybe multiple charities?
Keep on top of your donations with this tracker page.
You might be surprised at how much you donate every month.
Holiday budget tracker
It seems to me that the holiday season is when the spending frenzy begins.
Print a fresh page for every holiday or special occasion.
Monthly expenses
Use this monthly expenses tracker to track the fixed payments from your credit card or cash.
Tally up the total expenses at the end of the month.
Print a fresh page for each month.
Spending tracker
Use the monthly spending tracker to write down the things you buy that are monthly bills.
By tracking this habit, you will quickly see how much money you are spending on impulse purchases.
No more stressing, no more worrying.
it’s possible for you to do this, lets do this!
How do I create a budget planner?
Budgeting Pages
First, you will need to source your printable budgeting pages that will form your binder.
We recommend theFinancial Budgeting Plannerbut you might use any that you find.
Ring Binder
You will need aring binderto hold everything together.
Dividers
Divider pages are key to helping you organize your budgeting binder.
There are different types of divider pages for different options.
Pens
Nothing fancy here but youre going to need a pen to fill in your binder.
Some people even like to usefountain pensbut each to their own.
Asimple ballpoint will do the trick.
I like thishole punch.
White Out
There are going to be mistakes and changes as you go through your budgeting journey.
check that to havewhite-outhandy so you could easily correct any errors.
Plastic Pockets/Wallets
I love using plastic pockets or wallets with my binder.
Stickers(optional)
You might like to use stickers or you might not.
you’re free to findfree printableplanner stickersto use for your binder orbuy packs of them online.
Start your budget today
There you have it.
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Be sure to grab as many as you might along with our many otherschedule templateswhile youre here.
Find many morePrintable Planner Templatesthat will help you get on top of your life with ease.
