![]() Enter each receipt with a date and a reference, such as rent, or Walmarts, or anything you spend money on. You can fill in your expenses in the table on the right. These are the opportunities to cut your spending and increase your savings instead. Only if your savings are out of line with the 20% target, do you need to have a more detailed look, where you are spending too much for your lifestyle. This will save you a lot of time and writing. So we will classify the actual expenses into “need” and “want” expenditures. Instead, we assume you have read the 50/30/20 plan to assess your spending habits. We skip budgeting expenses because it is not really worth the time. Further, think of your emergency fund, does it need a fill-up?įinally, add up the entries to your total savings. Also consider saving for large purchases, such as a car, a vacation, or a new smartphone. You want to consider saving for retirement or buying a home. Make a line for every savings goal you have. Next fill in your planned savings, just below on the left. If your self-employment or small business income varies a lot from month to month, then you can plan based on the minimum you expect each period. The entries in this table are planned or budgeted amounts. ![]() If you have more than one income, you need to add up the total income line. If you have income from a side hustle or a small business, enter it here too. Add your salary, wages, tips, pension, or social security income. It is best to align this with your pay period. You decide if you want to track your budget weekly, bi-weekly or monthly. To fill in your budget template, you need to print the template, a pen, your receipts and payslip, and optionally a calculator.īest, you start by writing the budgeting period on top, next to the word “Budget”. Free monthly budget PDF How to use the free printable budget template? ![]()
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