Savings can be in the form of things such as cash, investing in shares, contributing to superannuation or, most commonly, paying down or retiring debts (including principal repayments on credit cards, personal debts and mortgages). Once you have a rough idea of your spending, you can simply deduct it from your income to figure out how much you can potentially save each budget period. An analysis tab analyzes expenses by different categories and shows the difference between actual and. ![]() It can be downloaded and used with Microsoft Excel or any other spreadsheet software that supports Excel files. If you don’t, one big bill is going to blow your monthly budget entirely. PearBudget is a free, comprehensive spreadsheet designed to track your monthly household spending. Because I budget monthly, I then divide those costs into 12 and include them as line items in my budget (“Household Fund” etc) to make sure I am provisioning for such future costs. Professional fees: financial, legal and other fees to get my financial affairs in orderĪt the start of each financial year, I make an estimate of my likely expenses in each category.Holidays: all costs associated with taking a holiday.Birthdays and Christmas: gifts for myself, my son and others.Health: health insurance and $1000 a year for unexpected medical expenses.School: school fees, uniforms and extra curricular activities.Car: registration, comprehensive insurance, compulsory third party insurance, regular servicing and repairs, parts and roadside assist.Household: strata fees, council rates, home insurance, water bills and $1000 a year for emergency household repairs.Then, you need to list all your outgoings across three different types of expenditure: direct debits, variable spending and regular contributions towards large expenses or spending goals (I call these “Future Funds” – more later). For people on irregular incomes, you can either choose to estimate a sum you think you are likely to receive, or you can budget off the minimum you know you will receive. Because I am paid regularly, I can just divide my annual salary by 12 to get my monthly income. I budget monthly, even though I am paid fortnightly. Monthly Household Budget - The monthly version of the template on this page. ![]() It lets you record transactions and compare your expenses to your budget. It’s also loosely based upon the Kakeibo budgeting method, an elegant technique from Japan. Money Manager - The ultimate money management spreadsheet. This spreadsheet incorporates the 50/30/20 budgeting rule (explained below). I designed our free monthly budget spreadsheet to be as simple as possible to use. Download my free monthly budget template here.įirst: set a time frame for your budget and determine your income. Download our free monthly budget template for Google Sheets or Excel. If you’re not, I still encourage you to still have a stab. Ok, let’s assume you are mildly familiar with where your money goes, it’s time to create a budget. I send out links each week to my 10 budget category worksheets. Did you miss my series breaking down my 10 spending categories? No worries, sign up to receive my free weekly newsletter email via this link /moneywithjess or /moneywithjess.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |