The purpose of a budget worksheet is to help align your earnings and spending with your savings and financial goals. A budget worksheet gives you a solid, workable plan to reach your goals, whether that is saving for retirement, a vacation, or a child's college fund _ Because here is the catch: next time you hear yourself saying "I wish I had more money" ask yourself what are you doing about it. Most people don't have an answer to that question, so they spend their time wishing. Over and over, the statement is said with no action.
Almost everybody I know, which includes me, has let a budget get out of control at one time or another. I really think it used to be able to control personal finances because it was not as easy to spend money. As I work on my own budget, and as I speak to people I know, here are some common problems that get people in trouble. Debit and Credit Cards. It is just so easy to buy things by swiping a piece of plastic that we lose track of how much money we spend. A decade or so ago we spent cash or wrote checks. It made us think about spending money more as we had to carry enough money or go through the act of writing and recording our checks.