You can track spending, monitor subscriptions, create custom budgets, and more. If you like having all of your financial data in your hand, Mint is worth a look. Automation is a great psychological trick to help you gain control of your finances.
You can also automate payments, for example, by putting away a set amount of cash on a monthly basis to save money. Most banks provide apps that link to your checking account and credit card, allowing you to automatically track expenses. Start by making the most of any tech features your bank offers. Set up automated payments through your banking apps Here are some of the best budgeting apps to help automate money management, giving you more control over your cash so you can meet your financial goals while thinking about them less. Again, look to simple technology to streamline your efforts, saving you time and energy. Budgeting apps and tools can then help you put that plan into action. Using the tools above, you can craft a conscious spending plan. 3 budgeting apps and tools to help with money management
Excel budget planner how to#
The formula at the end (subtracting expenses from income) provides a picture of your financial health and can help you figure out how to better manage your money.īonus: Ready to ditch debt, save money, and build real wealth? Download our FREE Ultimate Guide to Personal Finance.
Excel budget planner pdf#
The free budget spreadsheet is available to download as a PDF and provides a list of proposed income and expense budget categories - you just have to fill in the dollar amounts. The Federal Trade Commission (FTC) offers another handy budgeting tool. The Federal Trade Commission’s budget worksheet There are also budget calculators to help you stick to your selected budgeting rule, like the 50/20/30 rule (which dictates that 50% of your budget goes to essential fixed and variable expenses, 20% goes to savings and debts, and 30% goes to the rest). If you have a Google account, you can access free templates covering weekly, monthly, and annual budgets. Google Sheets offers another budgeting method. If you have the Microsoft Office suite, you can access these Excel templates for free. There are even specialty templates, such as a personal monthly budget, a college budget, a home construction budget, and an event planning budget. These free budget templates are an easy way to get an overview of your cash flow (monthly expenses versus monthly income).
Microsoft Excel isn’t all about complex formulas. The aim is to use tools that allow you to devote fewer hours to your money management. When it comes to budget templates, it’s best to keep it simple, and there are many user-friendly tools available to save you time and stress. Does this mean you’re going to have to master complex financial formulas? Not at all. The thought of creating a budget spreadsheet can be intimidating. 3 budget spreadsheet templates to get you started The entire point of these tools is to simplify money management so you can think about your money less, not more.īonus: Ready to ditch debt, save money, and build real wealth? Download our FREE Ultimate Guide to Personal Finance. You can then use a budgeting app to help you stick to it, for example, by automating your expense tracking. Straightforward spreadsheets can help you create your conscious spending plan. Finally, you need to actually stick to your plan.īudgeting spreadsheets and tools can help at every step. 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 those four buckets: fixed costs, investments, savings, and guilt-free spending. Money Dials could include things like fitness, convenience, luxury items, travel, self-improvement, and social status.Ĭonscious spending is a great way to enjoy life while still building a financially secure future. 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. 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.
Smart money management can help you achieve those objectives. You might also have smaller, more short-term goals, like saving for your dream wedding or buying a luxury car. 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). How money management helps you meet your financial goals
0 kommentar(er)
