Creating A Budget to Match Your Lifestyle!
Why spend the time creating your own budget worksheet when we have created one just for you? This daily budget diary has columns for your income and any expenses you have! Determining where your money is going can be difficult which is why we have included examples of several expenses you may have in the Budget Planner. Be honest as to where your money is going so that you know what areas you should start cutting back on!
This table gives an example of how you should set up your budget.
|Budgeted/Planned Amount||Amount Spent||Savings/Loss|
|Utilties (gas, water, sewer, trash)||Utilties (gas, water, sewer, trash)||Utilties (gas, water, sewer, trash)|
|Cell Phone||Cell Phone||Cell Phone|
|Car Payment||Car Payment||Car Payment|
|Insurance (health, auto, etc...)||Insurance (health, auto, etc...)||Insurance (health, auto, etc...)|
|Personal Care (haircut, manicures, etc...)||Personal Care (haircut, manicures, etc...)||Personal Care (haircut, manicures, etc...)|
|Fast Food/Dining Out||Fast Food/Dining Out||Fast Food/Dining Out|
|School Supplies||School Supplies||School Supplies|
|Savings Account||Savings Account||Savings Account|
Budgeting Tips to Remember:
1. Do not spend more than you earn.
2. You should never put anything on a credit card that you know you cannot pay off at the end of the month. Emergencies happen, but be prepared with savings to handle them.
3. Always Pay yourself first! You should include in your budget money that needs to be set aside into your savings.
4. Do not forget to budget for those items that may not occur every month such as car repairs and/or gifts.
5. Budget for enrtainment! It is OK for you to have a life. Just do it sensibly.
Put in your budget money for a night out, dinner and a movie or a baseball game. Just make sure that you stay within your means and do not get carried away. For example, instead of going to dinner and a movie, get take-out and rent a movie!