1/21/2024 0 Comments Printable monthly budget plannerThen do something else for a few hours (or a few days) and let it marinate in my brain a bit. Sometimes, if a concept is confusing at first, I will read it a few times. Remember, we all learn in different ways! Be it auditory (reading this blog out loud so you can hear it), simply reading it, by watching someone else do it, or by actively doing it (kinesthetic learning). I know it can sound confusing, but having a monthly budget calendar and writing in your bills can make it much easier to understand. This way, you always have money left over from paying bills, and you never have too much month left and not enough money. With this bi-weekly budgeting method, you would ideally take your total bills amount for the entire month and have 1/2 of them (by dollar amount, not by the number of bills) due at the beginning of the month and then half at the end of the month. Unlike the others, this household budget method may mean that you call some of your credit cards and bill companies and ask them to move your bill “due by date.” Which is totally common! Don’t think that you are stuck with the exact date they gave you! Instead of a full one month budget, you have two mini month budgets (approx 2 weeks) on your monthly budget sheet. The budget by paycheck planner method is simply dividing your month (the income, monthly bills & expenses) in two. The budget by paycheck printable budget planner To see a more detailed walk-through of this budget check out how to fill out your zero-based budget template.ĥ. If it’s negative, then check your math if it’s not positive or zero a second time, then it’s time to cut expenses! If it’s a positive number, then putting extra in your savings is always a good idea! Especially if you don’t have a fully-funded emergency account. Then at the very bottom of the sheet, your total should be $0. The items at the top are things you must spend money on.Īs you go down the list and get to the bottom, the items are more non-necessity expenses (aka things to cut if you don’t have enough in your family budget). This form has the spending categories and line items set up in a very specific order. You start with income and then work your way down the line until you have everything filled out. This printable budget planner lays out the most common spending categories, which is great as then you don’t forget any of your bills (either regular or one-off bills, like an Amazon subscription or your gym annual fee). With a zero-based budget, as the money guru, Dave Ramsey says, “You give every dollar a job!” Because each and every dollar could be earning you money or putting you closer to your goals! No sense in leaving money out there to do nothing! But if you’re looking for just a zero-based monthly budget worksheet (with no step by step guide) then this works great! ** If you want the full step by step guide, then the Better Budget is what you’ll want. I have combined a bunch of different practices into this one method, and it absolutely works! I have detailed the process out more in Part 4 of your Ultimate Guide on How to Budget – it’s a Better Budget. The zero-based budget method is the method that I personally use for my family. If you want a different result, you need to try a new way of doing things! But honestly, if that were working so well, then 37% of Americans wouldn’t be in credit card debt (source). I know this goes against traditional budgeting methods, where you pay your bills first. If you need someplace to separate out your money right now, you can find some DIY cash envelope templates and make some right now! Or use a great savings tracker so you know where you’re at with your savings goal. The very first section, after your income, are your SF’s! This is important, as you want your must spends at the top of the list (while there’s money left), and then the least important expenses are down at the bottom of the list. The cash envelope printable budget planner for sinking funds considers this. Here, your goals are your most important financial obligation! Sinking Funds use a Pay Yourself First model, as you pay your sinking funds before paying any discretionary bills. Then in a few months or a year, depending on where you want to go, you will have the money saved! In a nutshell, you say, “I want to go on vacation.” So each payday, you portion out a set amount of money directly into your vacation fund (a separate bank account ideally). My very favorite way to save money is through sinking funds! One of the easiest ways to do this is through cash envelopes! Cash envelope printable budget plannerĮarlier, I mentioned financial goals, and if you have those, you most likely will need to be saving money.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |