Add the amounts in the same way that you include other expenses and, with saving, try to transfer or set up a standing order right at the beginning of the month, rather than waiting to see what’s left at the end. If you’re trying to save or pay off debt, it’s good to include a separate table for this in your budget. Adding your spending in here will help you to spend in a more considered way, and also to check that you’re not running down your disposable income too quickly. You can create a total box here, too.Īt the bottom, add your additional spending throughout the month - you can do this daily, weekly or ad hoc according to what works for you. This is great for keeping track of weekly costs within your monthly budget, because we often don’t realise how quickly they can add up or how much of our income they can eat away at. Underneath, add your variable outgoings - things like food shopping, petrol etc, underneath. You can then add a ‘total’ box for this too, using the SUM formula. Create a new row for each bill, and add the amount to the week it goes out of your account - this is really handy for keeping track of those pesky mid-month direct debits. In a new table, list your fixed outgoings - things that are the same amount each month, and that are non-negotiable, such as your rent, utilities and insurance. You can use the SUM formula to make this automatically update. List each income source, including your salary, any benefit payments or extra income, on a new row, with a ‘total’ box at the bottom. You might find it helpful, especially if you’re self-employed or have a side hustle, to create weekly columns so that you can see exactly when in the month your money is coming in. If you live with a partner and your budget is for the whole household, you can include two incomes, whereas if you manage your finances completely independently, it can be just for you. The first step in creating your budget spreadsheet is to tally up your income.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |