How to Create a Budget warning: This budgeting method is essentially a bit technical. Keep reading the included graphics as you read along. The columns are displayed as letters across the top and the rows are numbered along the sides.
Budgeting
Let's have time to budget. Let's open a new sheet first. Right-click on the tab named "Sheet 1" at the bottom of the screen. Click Rename. Please enter "Balance Sheet". Now click the "+" sign next to this tab. A new sheet named "Sheet 2" appears automatically. Change this "budget" name as you did in the balance sheet. It is important to set a budget throughout the year. As mentioned in the first post of this series, some costs are essentially annual (property tax, car registration, oil exchange, etc.) annual budget.
However, most fixed costs are monthly. For this reason, take a look at your monthly budget and make sure that you are planning everything correctly. Let's make a reality without making a reasonable plan. Most people will spend all their money for this month until the first weekend. That's why we look at the expenses on a weekly basis. Let's set it up as follows. Column A contains Year, Column B is Month, and Column C is the first day of the budget week. In column D, your current account balance will be credited.
You will anticipate this by taking the balance of the previous week, adding the money you made and paying more money minus the amount you wrote. Create a Budget column E is the salary and other sources of income. Include these in negative numbers to differentiate them from the cost. Column F will be annual / monthly / weekly payment / cost (through many things you need). At this point, the chart population begins. Do not forget to give up money for savings and tithing (give to charity or church). You will see most trends. You consume more than you accept.
However, most fixed costs are monthly. For this reason, take a look at your monthly budget and make sure that you are planning everything correctly. Let's make a reality without making a reasonable plan. Most people will spend all their money for this month until the first weekend. That's why we look at the expenses on a weekly basis. Let's set it up as follows. Column A contains Year, Column B is Month, and Column C is the first day of the budget week. In column D, your current account balance will be credited.
You will anticipate this by taking the balance of the previous week, adding the money you made and paying more money minus the amount you wrote. Create a Budget column E is the salary and other sources of income. Include these in negative numbers to differentiate them from the cost. Column F will be annual / monthly / weekly payment / cost (through many things you need). At this point, the chart population begins. Do not forget to give up money for savings and tithing (give to charity or church). You will see most trends. You consume more than you accept.
As you can see in my example, I pay my phone bill on the first day of each month. This is the cost that occurs once a week. There are three separate electricity rates: Internet, gas and electricity. On average, electricity costs $ 75 a month, gas charges $ 7.50 a month, and internet charges $ 34.99 a month. They expire in the third week of each month. However, you will find that they are spread over three weeks. I aim for this. I pay the bill little by little to spend about the same amount every week. Strategic planning is needed to get the budget right. You have to stay at zero for a week without getting a lot of money a week in a week. It's always best to have about the same amount.
This gives you confidence in your financial stability. How to Create a Budget Please continue to see the screenshot above. You can see I painted the moon so I can clearly see what each moon looks like. The formula will subtract your weekly expenses, add your weekly earnings, and put it in column D of the next row. This is a new balance. If you continue to draw on this issue over the next 12 months, you will notice the trend. When is your account negative? Next week? next month? It's better to figure out something before that because it's a lot of money and you can not afford basic necessities.
This gives you confidence in your financial stability. How to Create a Budget Please continue to see the screenshot above. You can see I painted the moon so I can clearly see what each moon looks like. The formula will subtract your weekly expenses, add your weekly earnings, and put it in column D of the next row. This is a new balance. If you continue to draw on this issue over the next 12 months, you will notice the trend. When is your account negative? Next week? next month? It's better to figure out something before that because it's a lot of money and you can not afford basic necessities.
Slim down to 10 minutes
Now look at the column and find out where to spend too much money. If your average monthly spending in the last 12 months includes $ 350 in monthly fast food, you should cut it. No one can say what the perfect number for each of these is, but there are several posts that help guide this site and this site. You have to cut off what you do not need. You need to reduce your Hulu and Netflix subscriptions today two weeks before your money runs out. If you do not have enough money, the subscription closes in two weeks, so you can do it today. And you will probably keep your car for a spare week.
Learn how to get more cash
You can see at a glance 12 easy ways to make more money. You should also read how to actually add income-rich income streams. Here we learn to make money immediately to fill the budget deficit. It will also teach you how to create a mid-term fund to help you in the long run. Hope is that you can throw money away and passively make money in the future in the long run. This will substantially increase your net worth.
Debt cancellation
If you do not have a negative number in your budget, you start making more money at the end of the month (e.g. savings). At this point, you will be able to focus on paying off your debts. There are many thoughts on starting high interest from the very beginning to the lowest balance and paying all the way in between. Keep paying for new articles about debt service. Now focus on budget balance.
Asset expansion and above
It's time to invest in controllable debt, balanced budgets and savings. Invest in new business and invest in the economy through long-term funders such as real estate, bonds, retirement and more. I do not want my head to go too far. If you need to read through the steps above again, try again and again to make sure that you and your budget are worthy. Maintain concentration and comfort your head and find out how it can happen. It will not be easy to follow How to Create a Budget, but thanks in the end!
