Personal budget planning template4/11/2024 Money Dials could include things like fitness, convenience, luxury items, travel, self-improvement , and social status. every month, put it in the Other expenses this month category. If you have an expense that does not occur. Some bills are monthly and some come less often. information to help you plan next month’s budget. By honing in on your Money Dials-the things you really love to spend on-you can prioritize your spending in a way that makes sense for you. Make a Budget Use this worksheet to see how much money you spend this month. Following this logic, you categorize your expenses into essential fixed costs, important investments, savings goals, and-last but not least-guilt-free spending.īy allocating space in your budget for the fun stuff (minus the guilt), you’re more likely to stick to that budget in the first place. Instead, consider trying a conscious spending plan. The truth is that living a life of constantly telling yourself “no” isn’t sustainable (or enjoyable). Many people assume that effective money management means scrounging, saving, and never enjoying life. You might also have smaller, more short-term goals, like saving for your dream wedding or buying a luxury car. Smart money management can help you achieve those objectives. You likely have some financial goals in your life, whether it’s improving your net worth, paying off your college student loans, or achieving FIRE (financial independence, retire early). Available as a Microsoft Excel or Google Sheets template, this budget worksheet has categories that are specific without getting too far into the weeds. But without planning for expenses, a big income can lead to big debt. For the budget planner and goal-oriented go-getter, there is the personal budget spreadsheet from Vertex42. But it doesn’t have to be! I spoke with a couple in episode 114 of my podcast who overspent on holidays because their earnings combined were a lot. The Budget Planner: Free tool and guide to managing your money. You can also get 6.00 discount by clicking on the link. Advanced budgeting and professional advise, try it if you need something more than excel. The entire point of these tools is to simplify money management so you can think about your money less, not more.įor many people, budgeting and planning for big expenses like vacations are a struggle. Other Personal Budget Planning Resourses. Simplified spreadsheets help develop your plan, and budgeting apps, like those that automate expense tracking, help you stick to it. Finally, you need to stick to your plan.īudgeting spreadsheets and tools are great resources for creating a conscious spending plan. All the Vertex42 budget templates can be downloaded for personal use and no charge. You then need to decide how much money to allocate to each bucket. You need to start with a bullet-proof budget, categorizing all of your expenses into one of these four buckets: fixed costs, investments, savings, and guilt-free spending. Conscious spending is a great way to enjoy life while still building a financially secure future.
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