![]() There are various kinds of monthly budgets with different applications. What are some examples of a personal monthly budget? ![]() A monthly budget also lets you see how your spending fits into your annual budget. And if you have debt you’re trying to pay off - you can use your budget as a roadmap for how to get rid of it. Your monthly budget isn’t just a snapshot of your current financial situation - it can also be a tool for long-term goal planning.įor instance, if you’re trying to save up for a down payment on a house, you can create a budget that allocates a certain percentage of your income toward your goal each month. Aids in long-term financial goal planning Plus, most monthly budget templates come with options to graph or chart your data over time, giving you an easy-to-digest visual representation of your finances. On the flip side, if you’re under-budgeting in another area, you can make adjustments that better reflect your spending habits. Having all your income and expenses in one place makes it easier to see day-to-day or week-to-week.įor example, if you’re overspending in a particular category, you’ll be able to see it right away. 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. This spreadsheet was built in Google Sheets and although it’s possible to use it on other similar software, such as MS Excel, there may be some incompatibilities.ĭue to the nature of digital products, there is no refund policy on this product, no exceptions.įeel free to contact us before you purchase with any questions you have.Much of the anxiety around budgeting your money can be reduced with a little proactivity, persistence, and the right budgeting template. This is a digital download ONLY and there is NO physical product with this item. Visual Dashboard of your monthly finances.Both a Monthly Budget and an Annual Budget.Start taking control of your money, know how to approach your debt repayment plans, plan your savings and work towards building your net worth.īudgeting is the foundation to your financial success and this tool empowers you to clearly see where your money is going.Īlongside planning your debt repayment strategy, working towards your savings goals, know your net worth, and be in full control of your money. We designed this spreadsheet for you to have a one-stop-shop to plan how your money will enable you to reach your short term and long term financial goals. The Money Plan budgeting spreadsheet template empowers you to be in the driving seat with your finances.
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