Tip _ Track you spending _ Tracking your spending for 30 days before creating a budget will give you the concrete numbers of how much you spend in each expense category every month. Many people are surprised to see how all the little purchases at up at the end of the month. By knowing how much you typically spend in each expense category you can now plan those expenses for the next month in your budget. _ Tip _ Plan for periodic expenses _ When creating a monthly budget that actually works you will need to plan ahead for periodic expenses such as car insurance (if not paid monthly), yearly car registration, gift giving, school shopping, and insurance deductibles just to name a few. If you estimate these expenses for the year and then divide by 12 you will get an amount that you can save each month for these expenses.
You can easily create your own budgeting worksheets by accessing free worksheets online and then customizing them to your specific needs. This is one area where you definitely don't need to pay money unless, of course, they come with a software program you purchase. However, if you just want to make a list of your income and expenses that you will use to create a budget then you can find plenty of free examples online.