We have all heard the saying "Pay Yourself First" when it comes to creating wealth and a budget. But more importantly than that is to allow for a little mad money for yourself and your spouse. The lack of a little fun money is the number one reason most budgets don't work.
Budgeting Worksheet Tip : Your Personal Cash Flow Analysis _ A fully functional budgeting worksheet should calculate your monthly cash flow analysis so that you can determine if you are overspending based on your income on a monthly basis. In order to determine your cash flow for the month, you will need to provide your monthly income information. A good worksheet should do all the math for you, generate a meaningful chart or two so that you can quickly see the areas in your budget that need to be improved upon. If you are over spending, you will need to adjust. If you are under spending, start saving towards your goals!