Budgeting Worksheet Tip : Pay_off Debt _ Not surprisingly, most people want to budget to pay_off their debt. Try to find a budgeting worksheet that actually helps you do that! A really good budgeting worksheet should have some capability to organize those debts and give you some options on how to pay them off as quickly as possible. The worksheets themselves can't pay_off the debt, you still need to do that part! But the worksheet should allow you to shift money around on paper (computer screen) so that you can see the financial impact on your budget. Giving up a small amount of spending in your discretionary categories and applying some of that money to your debt load will dramatically improve your financial situation. Before you know it, you'll be able to apply that extra money to your new goals _ without going into debt!
After you have track your spending for a month, you now have the information you need to create a monthly budget. Now you know exactly how and what you spend your money on. If you did not have a surplus of money at the end of the month, you can now see area where you can trim your spending in order to operate you budget with a surplus next month.