If YES, there is a simple and simple solution to help you solve all these problems. Personal budgeting is necessary for organizations such as businesses and governments as well as for individuals to reach their future goals. People, as they do for their businesses, must also determine their own long-term goals and then plan the steps necessary to achieve those goals. Personal budgets are very powerful tools in planning the steps to achieve financial goals.
Analyze your financial situation: The first thing you need to do after you have made your decision to prepare your budget is to examine your existing financial situation. When preparing the budget, you must specify all your revenues and all your expenses. When doing this, you will notice that you are not paying attention before.
You will receive the control: you know all the expenses you spend your money after setting your situation, and you are willing to stay within the limits you have set in the budget while wasting your hard earned money.
You will question your targets: When you prepaare your budget, you will have to question the accuracy of the way you walk to reach your financial goals. For example, if you set yourself a target within 5 years, you will have a chance to see if your future and future financial situation is suitable for your budget. If your situation is not suitable for you to do, you should change your intent or consider changing your situation.
How will you prepare your budget?
- Download the template: It will be very useful to you. It comes with an excel template and all fields are available to determine your expenses.
2. Review Your Financial Situation: The first thing you will do when you prepare your budget is to identify your financial assets in your possession when starting your budget. Your financial assets should include assets such as savings in your bank, time deposits, funds, stocks, gold. After that, you should identify all your income sources and pour your expenses on paper.
3. Prepare Your Budget: You should prepare your budget by estimating your income and expenses you have already set for the time period in the budget period. You can use various tools to estimate income and expenses. Examples of these tools are paper pens, electronic spreadsheets such as Ms Excel, Open Office, Google Spreadsheet, or personal budget programs. At the end of this article, you will find the MS Excel personal budget template.
4. Budenizi Follow: The most important of these steps and the most difficult to follow the budget continuously. Once you have prepared your budget, you should compare your expenditures with budget figures at your own specific intervals.
At the link below we have a simple personal budget template that we have prepared to get you started. You can prepare your budget with the template, you can prepare the estimated budget with the realized figures. You will find the necessary information on the use of the template in the instructions in the template.