Write down what you spent last month. Use Categories like mortgage, food, entertainment, clothing, transportation and savings. Savings is an important category. Is there something you should be spending your money on that you didn't last month, but that you think you should. Already the process begins to uncover things you want to know Write down what you expect to earn next month. If you are on a variable income, it might be helpful to put this in three columns: The minimum you expect, an average of what to expect, and the highest amount you expect to earn. Don't count on the highest number, but it is a great goal setting exercise to strive for that high number on a monthly basis. Write down what you KNOW you will spend next month. Fixed expenses like mortgages, property taxes are known amounts. They are constant every month and don't change. While you can change your rent or mortgage amounts by moving, it is unlikely that you will do this next month. So consider these Fixed expenses.
In a few minutes, when you have this short article on free budget worksheets, you will know why it is important to use guides to control where your money comes from and more importantly, where it goes. It will provide a planning tool that helps you plan how to allocate your money on items such as housing, transportation, insurance, clothing and personal care items, savings, medical expenses, entertainment and other expenses. Not many things, it seems, are really free. However, budget worksheets are one very effective way to get a handle on one's money and begin the path to peaceful debt_freedom.