Second, and more importantly, this method doesn't provide any real guidance on what to do with money as it comes in. You're left to try to figure it out as you go. Mistakes are made...frustration sets it... you give up. That's because your budgeting worksheets are missing the most crucial part of any budget _ the spending plan.
At the end of the week, transfer all your purchases to your monthly expense record worksheet. On this worksheet, you will have a comprehensive view of all expenses for the month and how much you spent in each category such as food, household, and medical just to name a few. You will also record your monthly expenses such as utilities, car payment, credit card payments, and investments.