Make a Budget the absence of money is still a constant struggle, hoping to find a "perfect" budget for years. A simple Google search gives you some guidance on budgeting, but it does not seem like you omit key spending or underestimate categories like entertainment, but always seem short. A few years ago my search for the "perfect" budget was finally over. The background of Microsoft Excel was so strong that it was decided that all monthly expenditures should be written in Microsoft Excel format. The result: (almost) perfect budget! The budget is not really perfect. Flexibility is required for molds due to uncertainty in life. However, if you follow the steps outlined below, you can get pretty close.
Here it is: How to make a budget!
Step 1: How much do you have? First, you have to figure out how much money you have. Sign up for online banking (only for free), view balance, cash calculations, under couch cushions, car seats and / or other coin collecting in junk drawers. You will need all liquid dollars that you have calculated as your checking account. If we know we work, we can not proceed.
Step 2: How much do you owe?
Now, try the same scavenger hunt. But this time look for all the bills you have. Everyone. Print or write on paper each time you make a monthly or one-time payment until you sign up for Netflix. You must know your outstanding balance, due date, minimum monthly payment, and interest rate. Please check the list below to make sure it is not missing.
General bill
- Credit card (all)
- Store charge card (including this number)
- Mortgage / rent payment
- Cable charges (Comcast, Dish, Direct TV, Time Warner, Cox, etc.)
- Media subscription (Netflix, Hulu, NBA All-Access Pass, etc.)
- Utility fees (water, gas, electricity, trash, sewer, etc.)
- Car payment
- Insurance claim (car, health, life, identity theft, home owner / tenant)
- Telephone bill (housing and cell)
- Gym membership
- Subscribe to a magazine
- Wine club member
- Membership (membership fee, NRA, other labor contract, etc.)
- Car registration (Carefully, this is an annual event of this person, but it is an important event)
- Home security system
- Time sharing dues and taxes
- Homeowners' Dues
- Payment of tuition
- Back taxes owed
- Rental housing cost
I know, but a lot. But you are doing well! Next, we estimate the amount paid for the given month. Make a Budget in 2018 if you use a lot of credit cards, it may be an ideal time to check that you spent money over the past month. Investigate thoroughly. Compile the averages. If you have 12 months worth of data, add everything to the given category and divide by 12.
Common expense
- nursemaid
- groceries
- shopping
- Entertainment (movies, live events, etc.)
- Red box
- Dinner
- bar
- House repair
- Car repair
Now, I will collect all this information in one place. Some people prefer pen and paper, but as in the 21st century, we will open Microsoft Excel documents. Sheet1 is where you put the balance sheet. First, create a list of assets in column A. Home, cars, baseball signatures given by grandfathers to their children. Then continue to list all your debts, leaving a few spaces. The first list above is mortgage, credit card, payment of tuition, car payment, and so on. Column D lists the actual market value adjacent to the assets listed in column A.
If you do not know, please run a quick Google search. This number should be "Today's Sales" number. Of course, somebody is willing to pay $ 14,500 because the Kelley Blue Book says it's a fair personal value, but you need to list your CarMax or deal number. Meaning, if you have to sell it today, what will it sell for? Enter the interest rate, minimum payment amount, and unpaid amount for each item in column B, C, and D, respectively, next to each debt in column A (owed amount).
You now have a complete balance sheet. Aggregate assets and calculate liabilities. Debt is subtracted from assets. This is your pure value. If you have sold everything you own and have repaid everything you owe, this number indicates how much cash you have left. The larger is better in this scenario. Is it negative? It was mine. My thing was very negative. OK. This article for just How to Make a Budget i hope you like it. This just means that you should read this blog and keep reading. The goal of this blog is to increase this number even though it may be positive. Thanks for reading. :)
