Monthly income (use your take home pay).Don’t you wish recipe bloggers would do this? (You’re more likely to succeed in a way that sticks if you forge ahead though.) What You Need to Create a Budget Templateīefore we get started, you’re going to need to make a list of the following things: Skip all of this good advice and jump straight to a Todoist checklist to create a budget template. So let’s talk about setting up a personal budget that will become a part of your normal life instead of another abandoned notebook. The point I’m trying to make is that the system is important, but implementing the actual habit into your day-to-day life is critical to long-term success, in both sock-matching and money management. We can stop buying the notebooks they’re not the missing piece. Okay, at this point, I’m talking to myself about myself. Seriously-the only reason you’re not perfectly organized/physically fit/financially independent/able to find matching socks in the morning is because you didn’t have the right system! If only you had bought a new notebook, matching sticky notes, highlighters, colored pens, patterned washi tape, and fancy paperclips for that particular project, you’d be killing it by now.
The hope offered by a new process, system, plan, or notebook can be slightly intoxicating-it feels like the universe might finally be handing you that one pesky piece you’ve been missing that would complete the puzzle of Responsible Adulthood. Or maybe for the third or fourth or fifth time, but you’re serious about the “for all” part on this go around.
MONTHLY EXPENSES TEMPLATE HOW TO
Savings: emergency fund, RRSPs, RESPs, TFSAs, seasonal expenses (e.g.So, you’ve decided to sit down and figure out how to create a budget template, once and for all. Personal: tobacco, alcohol, books, music, clothing and shoes, donations, subscriptionsĮating Out: meals, snacks, take-out, beverages (coffee, tea, juice, soft drinks)Įntertainment: recreation, sports equipment and fees, movies, concerts, hobbies, gamingĬhild: daycare, lessons and activities, allowance, school supplies and fees, babysitting, programs, tutorsĭebt Payments: credit cards, loans, leases, support payments, government debts, personal debt Health Care: medical premiums, life insurance, medication, eye care, dental, supplements, wellness costs Transportation: fuel, auto insurance, transit, parking, taxi, rentals, car sharing, tolls
Living: personal care, bank fees, salon and spa services, dry cleaning, pet costs, memberships (fitness, clubs, associations) Groceries: food, baby needs, household supplies, toiletries Household: furnace, water tank, roof and gutters, decor, upgrades, storage locker, gardening, cleaning services, outdoor equipment and maintenance Utilities: phone/cell, cable/internet, gas, hydro, security Housing: mortgage, rent, strata fees, house insurance, property taxes View a sample of a completed tracker (from the previous version of our Monthly Expenses Tracker).Įxpense Categories – Know Where Your Money is Going This becomes the cash balance for the next week. If there’s a surplus, you should have money in your wallet or bank account. Total all columns and subtract actual expenses from actual income.On these pages, keep track of seasonal expenses rather than recording on your weekly pages. You also need to record weekly savings amounts on pages 14 – 15 of the Expense Tracker.You may want to track coffees, dining out, or fuel separately. You can then use the blank columns to create your own categories. List the dates down the left side and record actual money spent each day.You should also list any income you may expect to receive during each week. Record cash balances on hand or in your bank account.For example, a 7 day tracking period would be March 30th to April 5th. For each week, record dates you are tracking.The expense categories listed further below and on page 1 of the Expense Tracker will help you decide which expenses to record where.Open a copy of our Monthly Expense Tracker.
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