![]() In the same date section I include what will be paid out on from that income, like this: I include each income on the date it comes in and I write it like this in that date section: Take the numbers from the IN/OUT page and insert them into the calendar page. It’s undated so that it can be used every year. This post below explains what sinking funds are. It might go to a sinking funds, debt repayments or savings. I like to work out the balance for the month on the IN/OUT sheet and declare where the extra money is going from the balance. This just helps to keep you aware that things can change and that is ok! Make note of anything that might effect your budget plans this month. Fill out what is coming in and what is going out this month. Take your IN/OUT page and look at your record of annual and monthly numbers that you have in your spread sheet or notebook. If I need to know if I afford a larger unexpected purchase, I can quickly assess my ability to afford because my annual income and outgoings are side by side in my spreadsheet.Įqually, I can see if there is flexibility in my budget on a month to month basic should a smaller unexpected financial issues arise.ĥ. The reason I record the annual number is so that I can easily make long term decisions or short term decisions by quickly viewing my annual numbers and then re-calculating it as needed. I record my ANNUAL and MONTHLY amounts for each category for all INCOME and all OUTGOINGS in a spreadsheet at the beginning of the year. ![]() Now that you know how much you spend on each category every month, I suggest that you record the numbers in a spreadsheet or in a notebook if you prefer. Here are some examples of money coming in:ĪNY money that comes into your house for any reason should be included. Go through your statements with a fine tooth comb and figure out exactly where your money goes each month. Phone, internet and entertainment services Here are some examples of money going out: ![]() You can work that out on paper by listing all the things you spend money on. To prepare to budget you need to know two basic things what money is coming in and what money is going out. Now it is time to prepare you numbers for you fill out a budget planner. ![]() That is all of your income details and evidence of where you spend it all, including all discretionary expenditure. You will need access to all of your ‘money’ information. Receipts for regular purchases like groceries and eating out. Your bank statements ( recommended 6 months) I will send you an email once a month with helpful budgeting content. Go here to sign up for my free monthly newsletter and I will send you your free printable PDF budget planner. This was How To Fill Out A Budget Planner: The Beginners Guide.ġ. ![]()
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