Budgeting Worksheet Tip : How to Handle Irregular Income or Expenses _ One of the most difficult parts of budgeting that people tell me they struggle with is how to budget for those irregular expenses such as real estate taxes or car insurance that are due twice a year. Another difficulty is for irregular income if someone is on commission or business_related income. Most of the worksheets do not handle these irregular income or expense situations very well, making the budget inaccurate and unreliable or rely on considerable self_adjustments by the user. A really good worksheet should have the ability to handle irregular incomes and expenses with ease. Our budgeting worksheet has a Paycheck Allocator that makes this process easy_to_do and painless.
Alternative Approach: Use Virtual Envelopes for most of your Spend Categories _ In today's electronic world, there's a version of the envelope system that can take the old proven approach and revamp it for the 21st century: Virtual Envelopes. Built on the solid foundation of the Cash Envelope system, Virtual Envelopes works seamlessly with your existing cash envelopes and your budgeting worksheets. The only difference from Cash Envelopes is that for some budget categories you will now deposit the cash into your bank or credit union and manage those categories online, or "virtually." Hence, the term Virtual Envelopes.