People ask me all the time, "If I don't have any money, why do I need a budget template to keep track of it?"
Maybe you don't have any money, because you have never spent the time, effort, or energy to track how you spend your money. It's okay. We all started somewhere, and I started at broke as well.
3 Reasons Why You Need A Budget Template:
Planning and Spending
That's it. Magic! You are the greatest teacher...
No I am kidding of course.
Projecting Income sounds easy, but really your income changes all the time. Most people receive bonuses and work overtime, so their pay will reflect this. You must keep track of extras every month when they come in.
Budgeting relies on knowing what expenses you have every month just for waking up in the morning, as well as what you spend every month on bills.
Planning and Spending are the fun parts of the budget. Once all the bills are paid any extras can be spend in a lot of fun and different ways. The problem is that most people do not know what they can or can not spend dollar wise every month. In order to have money, you have to live within your financial boundaries AND put some bucks away for later. This is clearly the hardest part of the budgeting process. We have provided a budget excel template for you on our Budgeting 101 page. Start small, make mistakes, and grow as a person! That's what we all have to do to get better at something.
Use our budget template and start to make a positive change in your life.