![]() ![]() Whether you list your mortgage as a big bill or a debt is up to you. If you have a lot of different debts, you may need to lump some of them into categories such as "credit cards" and "students loans." If you are using a debt snowball, only include the MINIMUM monthly payments in this section! The debt snowball is included in the Savings section. The point is that you have a place called BIG BILLS to remind you to budget for the big important stuff, the stuff that if you don't plan for, could break you. Whether you call some of these categories "sinking funds" or "short-term savings" doesn't matter in this worksheet. Some people like to track the savings for big bills in separate accounts, sometimes even a separate sub-accounts. You can divide in Excel using a formula such as =1500/12. For a monthly budget, divide the total average yearly cost of a large bill by 12. ![]() Things like medical bills, home repairs, and car repairs can be budgeted ahead of time so that you have the money when you need it. Nobody makes it through life without unexpected big bills. This would also be a place to pull out priority savings to apply the "pay yourself first" principle. If you pay a tithe (the "pay God first" principle), then you can multiply by a percent in excel using a formula such as =10%*B9 where B9 is the Total Income. ![]() This category is for making adjustments to your gross income, such as listing the tax withholdings and other deductions from your paycheck. They are designed to help you apply the 'Pay God First' principle, the 'Pay Yourself First' principal, the 'Debt Snowball' and 'Savings Snowball' techniques, the 'Sinking Funds' idea, and the 'Envelope Budget' system. The categories in this worksheet have a very purposeful structure. Step 2: Enter Your Budget (Savings and Expenses) If your income varies a lot, you can base your budget on what you expect the minimum for the month will be. If you get paid weekly, you can base your budget on 4 weeks. If you actually get paid biweekly, you may want to base your budget on just two weeks of pay, then use your extra paycheck twice per year to do something special. With so many budgeting tools designed with today's economy in mind, it's never been easier to take back control of your money and make it work for YOU.If you are creating a monthly budget, list all sources of income for the month. If you prefer less structure, you'll want to check out our custom Monthly Planners - a favorite among customers for budgeting and special projects. You can also add a budgeting dashboard or budget planning inserts to an existing Erin Condren spiral planner or A5 Ring Agenda to organize everything in one convenient place.ĭon't forget accessories to help you organize and save money like our Budget Accordion Files - perfect for organizing coupons, receipts, cash, and more. If you're looking for a dedicated budget planner, we have a few options that range from a spiral, color-coded, and tabbed budget planner to a flexible budget book or budget journal. Combine budgeting best sellers and save with our budget bundles, featuring the tools you need to make budgeting easy (and a bit fun with stickers and colorful pens and markers). Our effective, easy-to-use budgeting tools are designed to help you keep the chaos of the world out of your wallet so you can save more and stress less.
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