![]() ![]() Creating a budget will help to identify categories where you overspend. Do you spend more than you earn?Ĭonsistently spending more than you earn will lead to debt. There are two key questions that can only be answered by creating a budget. They are copied from the Savings & Investment category of every quarter.Ĭreating a budget enables you to answer two important questions: Do I spend more than I earn? and What can I afford to spend? It can also help you identify the items and categories where you may be overspending, but, most important, this budget template can help you make future financial decisions and concentrate on savings. Quarterly figures are automatically entered for you. You can also enter any savings you have made prior to the time you began using the budget. Savings' goal helps to set specific short or long term savings goals for various purposes, track your objectives as you create your monthly budget and display all accumulated information in simple to read graphs. Savings Goal is one of the latest additions to this template and our response to requests submitted by many users of our family budget planner. In fact, obtaining information this way will help to achieve certain budget or/and saving goals. This means that you will not have to wait for an entire year to get your budget results. All amounts in this part of the spreadsheets are cumulative and will be updated every time you update your budget. Spending total and the results part: this is where you can see the estimated and actual spending for each category, including any differences and results for each quarter of the entire year. ![]() This makes things easier when entering the amounts that do not have monthly frequency, such as some subscriptions or utility bills you may receive quarterly or annual tax returns or simply any irregular payments. Monthly spending: I have divided an entire year into four quarters, in order to avoid possible confusion when you plan your budget. TIP: Always plan to spend less to gain more, in other words, to save more. This is usually is the first step in budgeting, since this helps to allocate amounts for the monthly spending and savings. Income part which is comprised of the fields for projected income and for the actual income. The family budget spreadsheet contains 3 main parts: How to use a Family Budget Plannerįamily Budget Planner: it is a simple template that helps to track your budget monthly, quarterly and yearly. It is strongly advised to consult the qualified professionals regarding financial decisions. Keep coming back to our site for more helpful tips, but if you are doing some shopping and want cash back, check out Rakuten (formerly eBates).Disclaimer - The spreadsheet and information on this page is intended for educational an illustrative purposes only. ![]() Managing your Money – The framework for everything in life and business is good money management. Shopify is a great platform to use as it’s intuitive and has lots of help available if you get stuck, and they have a ton of plugins to make it easy to get all of the features you want. Whether you’re selling stock you’ve purchased, dropshipping or selling your own handmade products, eCommerce is a great way to start an online business in your spare time. Online Store / eCommerce – Along with this and some of my other blogs, I have another business that includes an Etsy store and a Shopify store. If you’re just testing the waters, I recommend Bluehost as a cost-effective way to get started. But, the first step is establishing your foundation and that has to be a self-hosted site. Once you get started, there’s almost no limit to what you can achieve for yourself. A life that allows me to spend my days the way I want to spend them.Īfter a short stint back in the corporate world, I’m more committed than ever to spend my days doing things that bring me joy and add real value to others’ lives.īlogging – Learn how to start your own blog or business web site. The absolute driving force behind my online endeavours is to establish and maintain a life I love. ![]()
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