Budgeting Tips

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What is a personal budget?

According to Wikipedia, a personal budget is a finance plan that allocates future personal income towards expenses, savings and debt repayment. Past spending and personal debt are considered when creating a personal budget. There are several methods and tools available for creating, using and adjusting a personal budget.  (http://en.wikipedia.org/wiki/Personal_budget)

Some helpful tips are listed below.

 

Often times, the best way to budget is to use a computer spreadsheet to help you chart out your income and expenses. Here we provide you with a spreadsheet in Microsoft Excel Spreadsheet format. Just input your information as indicated on the spreadsheet and your budget is automatically created for you.

 

Budget Worksheet                                        

(Don’t have Microsoft Excel? Click here for another calculator.)

 

Other Budgeting Tips

Practical Money Skills For Life: Budgeting Tips