Your next task is to identify all your expense areas whether they're irregular or not. Set up two columns for each pay period (as shown below); IMAGE NOT AVAILABLE HERE The first column called "Bdgt" is the portion of your income that each expense area will be assigned. The total of this column should never exceed the income you receive for that period. The second column "Used" shows a negative amount and is a record of what has been spent from that period. The beauty of this system is that it will always give you a running balance.
Everyone is talking about saving money, living within their means, and creating a budget these days. Even though creating a budget is relatively simple to do, it does require some time and work on your part. However, this is made easier by using these three budget worksheets listed below. Track Your Expenses and Spending Worksheets _ Before you can create a working budget, you must first know how much you spend in a given month. You can use a weekly expenses worksheet along with a monthly expense record worksheet to track your spending and monthly expenses for 30 days. This will give you accurate information of what you actually spend each month, not just what you think you spend in each expense category. Monthly Financial Report Worksheet _ After you have tracked you spending you are now ready to fill out a monthly financial report worksheet for that 30 day period. On this worksheet you will record you income for the month along with your spending in each expense category. After you have subtracted your total expenses from your net spendable income, you will see if you have an excess or if you where short for that month.