BUDGET FOR SUCCESS
Updated: Jul 29, 2020
BUDGET FOR SUCCESS
After sharing my total money makeover story, I thought I would share the budget worksheet I use. For the record, I am not a financial expert and I don’t claim to be one. I am a very visual and busy person, so I created Budget For Success to help me stay organized and keep track of what bills need to be paid and what has already been paid. I like my Budget For Success worksheet because I can see the entire month on one page.
HOW IT WORKS
One the first of every month I write down the monthly expense on the day that it is due.
For example I write down MORTGAGE on the 1st. Then in the Monthly Expense column I fill out my expenses and the dollar amounts. Monthly expenses are any bill you pay monthly (mortgage, utilities, phone, cable, HOAs, ect.). Then fill out the Payments column (car, credit cards, student loans). Then fill out the Savings column (emergency fund, retirement, college, travel).Then lastly fill out the Spendings column. The spendings column is for things like: food, clothing, entertainment, home repairs. The amount in this column will reflect how much I have left to spend after my monthly expenses, payments, and savings are accounted for.
Under the Income column I write in the income for the week. Every week I review my worksheet and my bank accounts and when something gets paid I check it off. Then at the end of the month, I total up all the income and enter the total on the bottom row. I do the same for each column. At the end of the month I can see how much income came in and how much income went out and where it went.
The Budget For Success worksheet I created, keeps me organized, helps me pay all my bills on time and helps me save money! This worksheet creates my financial success and I hope sharing it with you will help you have the same results!