Monthly Budget Worksheet _ Once you complete the monthly financial report for the past month, you are ready to create your monthly budget for next month using a monthly budget worksheet. On this worksheet you will record all your monthly bills, including the amounts and the due dates. You will also allow a certain amount of money for all other expense categories based on your previous monthly financial report. If you operated last month in the red, you will want to look at where you can cut your spending this month so you have a balanced budget with a little excess at the end of the month _ So, as you can see, creating a monthly budget is pretty simple if you use these three must_have budget worksheets. It takes some time and work but living within your means is such a great feeling.
The biggest advantage of Virtual Envelopes is that your money is safe in a banking institution instead of cash in envelopes in your house. Just imagine if you hade robbery, fire, or just plain old forgot where you put that cash envelope with your rent payment. Not a fun time trying to recover that!