Monthly Budget Planner @planningboutique29
How to start a budget A budget is going to give you an action plan and a clear picture of where your money is ending up each month. Budgeting will help you achieve the goals you're working toward — whether that's getting out of debt, saving for retirement, or just trying to keep your grocery bill from getting out of hand.
Step 1: List your income. Start by listing the money you plan on getting during that month: normal paychecks and anything extra from a garage sale, freelance job, or side hustle. Step 2: List your expenses. Next, list out your expenses, starting with food, utilities, shelter, and transportation. Then list out all the other monthly expenses like debt, insurance, savings, entertainment, and any personal spending. Step 3: Track your transactions. The way you'll win with budgeting is to track your transactions. That means you put every expense and every bit of income into your budget all month long. This helps you stay accountable to yourself, your spouse (if you're married), and your money.
My income:
Amount:
Source:
Date: Fixed expenses:
Variable expenses:
Monthly budget Category
Budget
Actual Difference Income %
debt — debt debt — debt Description Remaining Paid
Total:
Description
Paid
Total: save — save
save — save
Expenses:
Savings::
Housing
Utilies
Rent/Mortgage:
Electricity:
Real Estate Taxes:
Gas:
Maintenance/Repairs:
Water:
Insurance:
Trash:
Property Taxes:
Telephone:
Others:
Cable: Internet:
Food/Alchool
Groceries:
Personal Toiletries:
Eating Out:
Beauty/ Barber Shop:
Alchool:
Clothing:
Reserved for stock:
Pet care:
Others:
Electronics: Laundry:
Transportation
Health
Car Payment:
Insurance:
Auto Insurance:
Wellness ( Gym):
Fuel: Parking: Property Taxes: Taxi:
Life Insurance: Prescriptions: Others:
Maintenance/Repairs: Others:
Education
Debt
Tuition & Fees:
Student Loans:
School Supplies:
Credit Cards:
Books/Magazines:
Medical Bills:
Extracurricular:
Personal Loans:
Activitiestripes:
Funds Borrowed:
Others:
Laundry: Others:
Childcare
Entertainment
Childcare:
Vacations/Trips:
Babysitter Pay:
Subscriptions:
Child Support:
Crafts/Hobbies:
Parking:
Gifts:
Child Necessities:
Contributions:
Clothes:
Parties:
Others:
Movies/Concerts: Videos/Theaters: Others:
Income
Savings
Salary/Wages:
Retirement Fund:
Innterests:
Investments:
Side Hustles:
Emergency Funds:
Tax Refunds:
Short Term:
Investments:
Savings:
Others:
Others:
How to start saving money Step 1: Write down what you saving for and how much you need. Step 2: Decide how many weeks ( or months ) you have to save. Step 3: Figure out how you will save that amount of money.
Savings Tracker Saving for: Total:
Goal Date: Deposit Amount
Date
Emergency fund An emergency fund is a stash of money set aside to cover the financial surprises life throws your way. These unexpected events can be stressful and costly. Here are some of the top emergencies people face: Job loss. Medical or dental emergency. Unexpected home repairs. Car troubles. Unplanned travel expenses. The emergency fund it's the one that saves you money in case of an unexpected expense and should be 3 to 6 months of YOUR expenses. (means you have to calculate your monthly expenses ).
3 benefits of having emergency money 1. It helps keep your stress level down. 2. It keeps you spending consciously. 3. It keeps you from making bad financial decisions.
Emergency fund calculator Essential expenses Home
Monthly rent/mortgage Property taxes House insurance Home repairs Utilities
Transportation
Car loan/Payments Car Insurance Gas Public Transport Others ( parking )
Food
Groceries
Health
Health Insurance Prescriptions Life Insurance
Debt Payment
Credit Card Payment Student Loan Payment Other loans Total: Your emergency fund should be:
Bills Tracker Month:
Due date
Paid
Which Bill
Budget
Spent
Spending Log Month: Date
Store
Item(s)
Cost
Balance
Income Tracker Date
Description
Source
Amount