Budget Worksheets – 3 Must-Have Worksheets to Create Your Budget

Everyone is talking about saving money, living within their means, and creating a budget these days. Even though creating a budget is relatively simple to do, it does require some time and work on your part. However, this is made easier by using these three budget worksheets listed below.

1. Track Your Expenses and Spending Worksheets – Before you can create a working budget, you must first know how much you spend in a given month. You can use a weekly expenses worksheet along with a monthly expense record worksheet to track your spending and monthly expenses for 30 days. This will give you accurate information of what you actually spend each month, not just what you think you spend in each expense category.

2. Monthly Financial Report Worksheet – After you have tracked you spending you are now ready to fill out a monthly financial report worksheet for that 30 day period. On this worksheet you will record you income for the month along with your spending in each expense category. After you have subtracted your total expenses from your net spendable income, you will see if you have an excess or if you where short for that month.

3. Monthly Budget Worksheet – Once you complete the monthly financial report for the past month, you are ready to create your monthly budget for next month using a monthly budget worksheet. On this worksheet you will record all your monthly bills, including the amounts and the due dates. You will also allow a certain amount of money for all other expense categories based on your previous monthly financial report. If you operated last month in the red, you will want to look at where you can cut your spending this month so you have a balanced budget with a little excess at the end of the month.

So, as you can see, creating a monthly budget is pretty simple if you use these three must-have budget worksheets. It takes some time and work but living within your means is such a great feeling.

And if you would like a free chapter of our “Finacial Solutions” Workbook along with three of our budget worksheets just go to http://www.financialsolutionsadvisors.com and sign up for our free newsletter. You will also receive helpful budgeting tips along with money saving ideas.

By: Rhonda Percell – Financial Advisor with REM Financial Solutions