First, when it comes to a budget you have to have an idea of what amount of money you are going to make each year, month, week, and even day in some cases. You also have to know how to properly use extra money that was not figured into your budget. It is always better to figure on making less and spending more than making more and spending less. Second, if you struggle with budgeting, then using budgeting worksheets might help you. These can be printed out or just kept on your computer if you prefer. Most of the budgeting worksheets that are out there will break everything down into the categories for the bills that you need to pay. This is very helpful and will allow you to stick to the budget you set up for yourself.
This column is where this system stands out. It is just a simple SUM(B13:G13) formula which picks up the totals of every expended amount and subtracts it from the total of each budgeted amount. It then shows how much you should have available in each expense area. IMAGE NOT AVAILABLE HERE For example, you will notice that each income period ษ has been going into the electricity account. Your electricity bill is charged every 60 days so you need to accumulate these funds for when the bill arrives. This account is now showing a total of ๛ held.