Budgeting Worksheet Tip : Ease of Use and Professional _ The biggest complaint about budgeting is that it's too hard and takes too much time. Look for something that not only does all of the above functions, but is also easy to use from the get_go. The forms should be intuitive, easy to identify the cells to fill in data, and easy to read print out report. Finally, my gauge of a truly excellent budgeting worksheet is to ask yourself, "Is this a report that I'd be comfortable taking to a financial planner, banker, or other professional for further advice or coaching?" If the answer is yes, then you've done a good job!
Tip _ Allow Yourself Some Mad Money _ The best tip you can have when creating a monthly budget is to allow some mad money for yourself and spouse in the budget. This is the number one reason most budgets fail and people do not continue using a monthly budget. The resentment of not being able to spend any money makes people frustrated and then they stop tracking their spending all together. If you allow yourself and your spouse even a small amount of money to be spent on anything you wish without having to confer with the other person, your budget will have a much better chance of being successful. If money is tight just allowing a very small amount will help keep the resentment at bay.