Do you need help creating a monthly budget that works? Just follow the seven tips below and you will be well on your way to creating a working monthly budget. Tip _ Know Where You Are _ It is important to know where you are financially before you create a month budget. This process includes documenting all your income sources, what you think you spend on expenses each month, and listing all your creditors and the debt that is owed to them. By doing these three things you will get a better understanding of where your finances stand.
Worksheet _ Weekly Expenses Report_ The weekly expenses worksheet is where you will list all your spending for the week. This includes things you buy using cash, check, or credit card. At the end of the week you will transfer these transactions to your Monthly Expense Record.