Online and Printable Budget Planner

printable budget plannerChances are you came here looking for free printable budget planner. Whether it is an online or physical printable worksheet, we have you covered. All the worksheets we will be going over in this article are currently free. Now that’s a bargain!

A Proper Budget Can Save Your Life!

Types of Budget Worksheets

Over the past few years, the online budgeting market has been growing exponentially. With more people gaining access to the internet it only makes sense that online is the new printed. It’s generally easier to use because all you have to do is select something to change it. No longer do you need to grab your eraser or a bottle of white out.

There are many different types of free online budget worksheets. These range from tons of different file types to being browser based. There are some sites where you can make an account and track your finances online. The most popular type currently is Excel based.

A great Excel budgeting worksheet has various qualities that makes it so ‘great’. The ability to edit it with ease is one of these properties. Another would be the fact that sharing is easy. Just drag and drop your Excel file into a sharing program and now your friends can have access to the same thing that you use to budget your finances.

If you worry about losing your saved file; Instead of using Excel, you can use a more cloud based solution. We strongly recommended that you take a look into Google Drive. There is a very slime (almost nonexistent) chance of you losing your saved file, as compared to Excel. There are only a few ways to lose your Google Drive spreadsheet document and none of the ways are very realistic.

In conclusion, it would be in your best interest to look into an Excel based free budget worksheet or a Google Drive spreadsheet worksheet. Both are equally as powerful at saving you time and hard earned money.

Let’s talk about PDFs. These types of files are generally meant to be printed out. There is nothing wrong with having a paper based budgeting system. When something is physical, it can make a lot more sense. Just as tons of people prefer reading paper books over eBooks, tons of people also prefer writing with pen and paper over typing with a keyboard and fingers. With a few simple Google searches you should be able to find a satisfactory printable household PDF. It may take a few tries to find the right one, but when you do, you’ll know it.

Budget everything from groceries to entertainment.

How to Use a Budget Worksheet

To properly use a budget worksheet to its fullest extent you must pick the one that is best for you. Sit down for a few minutes and think about your needs. How many sources of income do you have in your household? What are you budgeting for? What is the end goal? You must take all of these into account when you are deciding what type of free budget worksheet is best for you. When you have a full list of your needs, follow the steps above to finding the right medium to fit what you need.

The next step is to download, save, or print. This step is fairly obvious. How else are you supposed to modify it for your budget? Depending on what type you selected this step will change. If it is an online file you will need to download or save it. If it is a PDF or a worksheet image that is meant to be printed out, the obvious step to take is to print it out. You can either print it yourself or go to a printing shop to have them do it for you.

Look over the worksheet. You need to fully understand it before you even place your pencil or pen down on the paper (or type). Check out all the categories on the worksheet and how much room you have to spread your finances out over. If you don’t do this, you’ll end up erasing and redoing a lot. So once you have looked over the worksheet, you may begin using it. Voila!

Don’t be afraid to change around your system. It is always optimal to optimize and save more time and money. Use the budgeting worksheet for several days, weeks or months. At this time it would be smart of you to reassess. Does the worksheet fit your needs and your finances? Do you need more? Do you need less? All of these would be valid reasons to change your worksheet. There is absolutely no shame into going from digital to paper or vice-versa. You should enjoy doing your worksheet; it should not be a chore.

So change it or keep it! When you’ve done all of this, you are most likely going to improve the quality of your life. Whether you are low income or high income, a proper budget can benefit you and your family in many ways. It could be the difference between bologna and caviar.

Free Monthly Budget Template

monthly budget templateGenerally, a budget is divided into months. A month is a perfect amount of time to create a budget for, 30 days is a length of time that is easy to plan over. January to February, March to April, building a monthly budget is simple. However, there is a much better way to create a budget than just writing down a few notes. We recommend a monthly budget template to all of our visitors. Once you learn the works, a budget template can become easily become habitual and part of your daily life.

MONTHLY BUDGET TEMPLATES

There are plenty of free options when it comes to budget templates. Of course, you can always use Dave Ramsey’s budget worksheet, but that is not always the best one to choose. Depending on what kind of devices and access you have, one template will be superior to the other. It all comes down to your preferences, but we can help find what is best for you.

A monthly budget template can be highly beneficial when used correctly.

Google Docs based monthly budget template is what I personally use most often. I have several reasons for using Google Docs, let me explain. First and most importantly, Google Docs is cloud based. This is significant to me because I have the ability to access it whenever and wherever I am in the world. I can type in a receipt in America, fly to Europe, and still continue working with the same monthly template as before.

To find a monthly budget template for Google Docs, you can just explore Google. That’s right, Google is best for finding its own products. Just run a quick search and you’ll come up will thousands of pages of results. Look through a few of them, sorting out the ones that would best fit your lifestyle. From there you can further narrow down your list of Google Docs to find the best monthly budget template for you.

monthly budget template onlineSpeaking of free, you can find free downloads for monthly budget templates online. It couldn’t be easier. As said before, just search for one and you will find it. Later, we will be posting an article showing some of our templates, exclusive to BudgetPronto. These also act as a month-to-month planner, a great way to manage your finances is by using a planner.

Another great option is to do-it-yourself. Go DIY, and you’ll never look back. When I started making my own budget templates, I thought it was too much work. After adapting to it a bit, I found it super beneficial to do it myself. A full range of customization is one of the main reasons why I prefer to make my own. If one month I need to create a different category and adjust all the other categories, I can easily do that with a few presses of a few keys.

 

Both Excel and Google Docs make for great places to make your budget template.

These templates that I make myself are generally in an Excel file or on Google Docs as stated before. I personally find Excel to be much more powerful and in-depth. For most people though, Google Docs will do the trick. It’s free, powerful, and cloud based. Meaning you’ll be able to have the same spreadsheet on all your devices at the same time. Pretty awesome, huh?

As a recap, your monthly budget should be one of your top priorities. With a strong system in place, it can potentially eliminate stress from your days. You should never have to remember numbers, just record them on something like a monthly budget template. If it’s on Excel, Google Docs, or Mac, it really does not matter. All you need to do is create one now, and you’ll be happy. Adjust as you go along and in no time, you’ll have a fully functional cash management system.

Save Money by Living on a Budget

We will start with the basics of how to live on a budget and it will mostly focus on frugal living in the USA and UK, with tips, tricks and strategies on how to start saving money. However, almost all of the strategies discussed here can be applied in other countries similar to the USA and UK as well. This article will cover the topics of budgeting, savings on food and housing, traveling on a tight budget, and some other tricks for happy frugal living.

When it comes to personal finances, learning how to start saving money is the most impactful thing you can do to change them in the short term. Our finances depend on three major categories – income, savings, and expenses. A monthly budget calculator is a free online tool you can use to track the change in each of these categories over time; hopefully the money management tools that we share will make a difference in your bottom line. Out of these three, savings get accumulated over time and if you don’t already have any, in the short term there is not much you can do about it. Income is a category that you can’t change in the short term either; you can change in the long term, and perhaps even in the medium term, if you look into ways to make some extra money on the side. Still, even finding temporary work is not easy. Therefore, it shouldn’t be surprising that so many people are realizing the need to learn how to start saving money. The monthly budget calculator can really help you to plan future changes in these categories easily and for free, especially when it comes to expenses and savings.

Cutting down on expenses is the quickest way to change the state of your finances and also introduce a positive change in your life so we will be sharing some great tips on saving money.

Living On a Budget

living on a budgetThe principle of a budget constraint is one of the first things taught in a beginner’s microeconomics course. This principle stipulates that every consumer is faced with a budget constraint which shows the various combinations of different goods and services that can be purchased with the consumer’s available funds over a period of time. Thus, the rich as well as the poor are all living on a budget, but for some the pot is bigger while for others it’s smaller.

Still, when people say living on a budget, it is usually understood that this implies limited or tight budget. Understanding the trade-offs in a budget constraint is not useful only for beginner economists but also for everyone else – you can probably see that the aptness in how we handle our budgets is one of the main factors that determines in which category we find ourselves in. This is why it is worth learning how to set up a monthly budget and how to handle savings, expenses, taxes and loans. This is a basic education in personal finances that can be beneficial to anyone who puts time into learning it! So let’s begin with the basics of personal finances and living on a budget.

The basics of learning how to manage your personal finances well all revolve around creating and following a solid monthly budget. A budget is simply an estimate of how much money you have coming in and to which uses you want to allocate this money. In most cases, you will find that living on a budget is very hard only if you have created an unrealistic budget in the first place. The first step in improving your finances is to simply track your expenses in detail over a couple of months. At the end of each month, use a monthly budgeting tool (many of them are available online for free) to create a monthly budget after the fact. This is done simply for you to become aware of exactly where your money is going, and whether there are any inefficiencies or money leaks that you could eliminate.

The next step is to start preparing a monthly budget in advance for each month. This will make your spending deliberate rather than impulsive. From the previous step, you will already know what amount to budget for the most fundamental necessities like food, housing and utilities. If you are struggling to afford these things, then you can analyze your monthly budget to determine where it is best to make cutbacks and how big those cutbacks should be. In any case, it is important to remember that from this point on, you are living on a budget that is pre-determined with strategic intent and therefore it is absolutely crucial to stick to it consistently, or you will lose most of the benefits from making a budget in the first place. The most important benefits from having a budget are that you can be realistic with you shopping expectations, you can avoid frivolous spending, and you can begin an emergency fund and put away some savings. You are much more likely to do all of these things while you are living on a specific budget than if you just have the intent to save in the back of your mind, but you don’t actually make a real commitment to it.

While living on a budget, a great way to save some money is to dramatically reduce your housing expenses by finding a roommate to share your space with. This instantly reduces your expenses and allows you to put the money to better use. And, despite what you might think, finding a roommate is always a possibility for many different housing situations – nowadays a lot of people are looking for affordable housing while living on a budget.

Another thing you should look into is your expenditure of food. Here, your budget only tells half of the story – how much you spend on food and what kind of products you tend to buy. This half definitely has a lot of influence on your expenses – if you buy more finished products (like microwave food, or frozen dinner) you will spend more; if you buy more raw ingredients you will usually spend less. If you grow, fish and forage a lot of your food, you will spend even less! The other half of the story is how much of the food that you buy you actually end up eating and how much ends up discarded in the trash. Many people are wasting up to one fifth or more of the food they buy on a monthly basis. It’s usually spoiled cooked food or vegetables and fruits that went bad before they were used. This is precisely the kind of inefficiency that you should eliminate completely when you are living on a budget.

How Americans spend their money and what you should spend money on!

How do the average Americas spend their cash? A more important question: in what ways has this spending change over time?

We can use this data to see how spending patterns changed over time in America. Here is a quick comparison of spending of 1949 vs. 2011.

A thing that really jumps right out here is the relative spending decline on clothes and food. This is mainly the product of giant increases in productivity of manufacturing and agriculture that has made clothes and food much cheaper. This allowed a huge saving on groceries, something that impacts us even today.

There is a jump in spending on homes between 1949 and 2011. We think that it’s definitely worth mentioning that people are renting and buying housing that is much larger. In 2011, the average house was over 2,000 square feet. This was very different in 1950, when the average house was 1,000 square feet or less.

There was also a decent rise in spending on transportation. (Manage your money to be able to afford a car!) This was created by the widespread of cars. In the year 1950, there were only 3 vehicles per every 10 Americans. By the year 2000, that number has risen to 8 vehicles per every 10 Americans.

By analyzing how much the average American spends, you can figure out what to spend money on to be fit it. If you think your groceries take up too much of your monthly expenses, just look at the chart above and see what’s considered normal. Of course each person will be different and the chart just draws from average data. So if you enjoy having an above average grocery bill, go right ahead, buy supermarket sushi every day.

So next time you ask yourself “What should I spend my money on?” refer back to this chart. Whether it’s food, housing, apparel, transportation, recreation, medical care, and everything else; the data should help you.

Don’t feel guilty about your monthly cell phone bill, tropical vacations, a brand new computer, or an upgraded house. Life is really meant to be enjoyed. Of course you might be able to get the most out of life by living frugally, but you should have those big trips. Learn how rich people spend their money, and mimic that fun, with a budget of course.

List of things to spend money on

A gym membership

Stay fit, be healthy. It’ll only make every aspect of your life even more enjoyable. I bought a decent gym membership and I go every day, it’s something to do. At $50 a month, I am only spending $0.50 per hour of healthy enjoyment.

Your own furniture

Nothing is worse than renting furniture. You look at it and just think about how much money you spend on it each month. Get some quality furniture (or build your own, the frugal way!) and add them to any room to make your house more unique. Add that personalized touch to your home, you won’t regret it.

Education

Education is an awesome investment and if you do it right, you’ll have a great paying job in the end. That’s right; you have to spend money to make money. Go get yourself an education, earn a certificate, and make use of it. Just like you should get a gym membership to work out your body, you should invest in your education to flex your mind.

Your mattress

You spend a surprising amount of time on a mattress during your life. Why not get a good one? It could save you future medical expenses. If you wake up sore every day, chances are you need a new mattress. Keep your body in good health, one of your main focuses in life should be yourself.

Do what you want!

There are plenty of fun things to do without money, not everything needs to come out of your wallet. Try spending the weekend without swiping your plastic card. You can go for a run in the park, take your.

Home Budget Template for your Household

household budget worksheetDid you know: It is very common for a person to be wasting hundreds of dollars per year? This waste of money can prevent many from getting out of debt and ultimately it can keep people from saving for their future properly. If you are one of those people who require assistance or just need a few tips and tricks on how to save money, you’ve wandered across the right page. Manage your financials correctly with the hints that are listed below.

You can create a budget for yourself or even for a business using common techniques!

You are wasting cash and time if you’re not using a Home Budget Worksheet. In a perfect world, every school should teach students to manage a budget and use a worksheet for the money in their household. However, this is not part of most education systems so it is our goal to teach you right now, right here. It doesn’t take long to learn if you are already using other techniques to keep your finances in check. So it would be more than wise to let us be your little budget helper! The first step is to find a home budget worksheet that will fit your needs.

When searching for a budget worksheet for your home, you should be searching for something that covers most, if not every, aspect of your finances. This means that you should look for worksheets that have everything from budgeted money allowed to be spent on entertainment to how much of your income you need to set aside for emergencies. A budget calculator planner may come in handy when you are searching for a worksheet that will be the most beneficial to you and your family. There are many calculators available online and even some calculators are located here on BudgetPronto.

Examples of Home Budget Worksheets

To find a worksheet that would most improve your life start with a simple search. Find examples on the internet to really get a good look at what you will need. Pull out a pen and a piece of paper! Make notes on what aspects of these worksheets that best fit your requirements. When doing this, figure out what’s unique about each individual software or template. These small little details may just save the day when it is time to find a home budget worksheet for you and your family.

home budget templateAny great worksheet will include three categories that make it functional. These three most basic categories will be income, fixed expenses, and variable expenses. Each one of these categories is named appropriately for what they do in connection to the worksheet as a whole. The income section is probably the most important part of a template. This is what every single other category is based off of and how the allocations are calculated. For your income there is a spot for your income as well as all the other sources of income within the household, community or group. The two types of expenses are also very key components.

Variable and fixed expenses are the two types of expenses you should look for when finding a home budget worksheet that is right for you. Variable expenses are expenses that change day to day and differ on a monthly basis. Usually you’ll have a bunch of sub-categories under variable expenses and the worksheet will make assumptions on how you should spend your money in each sub-category. These sub-categories most often include groceries, gas, medical, clothing, entertainment, and emergency. In most cases you should be able to add additional spending categories, as well as modify the default ones.

Fixed expenses are completely different than variable. Expenses which are fixed usually include mortgage payments, maintenance, internet, savings, insurance, debt, et cetera (you get the gist of it). Payments to these expenses are usually paid monthly or on another regularly scheduled payment plan. The home budget worksheet that you use will have an option to pick the duration and the frequency of these expenses.

Conclusion

Stop wasting your valuable money and find a budgeting template for your house that fits your household needs. Life is short; it is okay to spend some money. But to get the most bang for your buck, it is clever to implement the upkeep of one of these types of budgeting worksheets into your daily life. As we say at BudgetPronto “save time and money”, download a sheet today.

Does Using a Household Budget Template Make a Real Difference?

If the financial aspect is particularly challenging to you or if you simply wish to save more, you could successfully use a household budget template. It keeps track of what comes in and especially of what goes out. To keep track of your family’s budget, you need a special-made document to access whenever needed.

To some, this feel like much of a constraint, to others, it’s a form of pure wisdom in manifestation. In the end, do household budget templates really help you out?

Here’s Why You Need a Household Budget Template

Your memory can’t hold it all

That is true, your memory can’t hold it all and it won’t. If you make a budget sketch month by month, you can be sure you’re forgetting things. The memory isn’t always flawless. You may be throwing away money and never actually realize it. Or, certain expenses may be bigger than you think. This is why getting the numbers on paper, be it virtual or not, is extremely important. It makes us all face the truth and also helps us see how blind we can be at times when it comes to personal finances.

Confronting your spending habits

When you have a list of all your expenses during, let’s say, the previous month, you will confront every expense and will also have to face the real reasons for each of these. You may not be 100% aware when you spend money on something – it could be a simple pleasure of the moment, an impulse, an illusion of need. Later, you may realize that expense was in vain and you could have done without it. Many individuals feel guilty once they see such useless entries on their lists. This helps them be more aware in future and more careful with the money they spend.

Making comparisons

This one has to be the most obvious benefit. You can simply make comparisons between the family’s income and the expenses, all without omissions. It’s the easiest way to figure out whether you can save some money or make some lifestyle changes to strike a balance between the two aspects. Comparisons could also help correct certain behaviors in the family. For example, if one is spending money that isn’t theirs, it make make them aware and eventually stop. Also, when money is easily available, one can always spend much more than they’re actually earning. The same goes with spending from a savings account. It gives the illusion of having superior financial possibilities when in fact it isn’t so. Behaviors like these can ruin a family’s finances in the end and having a household budget template can make a huge difference in that area.

The benefit of financial snapshots

With a detailed spreadsheet of your budget and expenses, you can have a financial snapshots of different periods of time. Are you afraid that you might have spent too much at Christmas? You can go back and have a look at that period – be it one or two weeks or the whole month. Thus, you can see where the money went and whether it was clever or not to spend as much as you did. You can see your income and expenditure for a month’s time, for a trimester or for whichever time span you select.

Make wiser decisions

Even without a spreadsheet, some of us are able to figure out that we should cut our expenses. However, when you have all the data in front of you, you can make a better decision. You will see exactly which items on the list are better to cut off. When you’re simply trying to do this mentally, you may not have the whole picture to analyze.

How to choose a budget template?

It doesn’t matter what income level you have. You will find many household budget template spreadsheets available on the web and they will be of great help. The natural question is born: which one should you use? The best method is to choose it based on your current financial situation. You may also download one according to the software you feel most comfortable with: Excel, Word, OpenOffice or Google Docs. It can be one ion the form of a table or you can use a template with colorful diagrams. The simple models cater to the main areas your money goes to. More elaborate templates will let you enter every single item you buy, making all calculations automatically. You may also opt for a zero-based budget template. There will also be adequate versions for starters as well as for the more advanced. Some feel intimidated by all the features, while others get a kick out of it and enjoy planning in detail.

In conclusion, it definitely helps to use a family or household budget template. After all, this is how some get to become millionaires and also get to keep their millions. You will have a taste of financial freedom instead of restrictions. It could even be your key to wealth.

Using a Family Budget Template Saves Time and Money

family budget template

Managing a household is no easy task. Parents have to manage chores, raise the kids, keep things running and make sure to do it efficiently and cost-effectively. Budgeting tools can be really useful in helping parents manage household income and expenses better and easier. A family budget template is a simple but very effective tool to help parents do just that. There is a variety of templates available today – some come free of charge and some for a small fee. There are Excel spreadsheet versions, Google Docs versions, printable ones, online ones as well as computer and mobile applications. Furthermore, there are different types according to user preferences, primarily family budget planners and personal budget planners. Thus, a family budget template will be easy to find, but there are some things to keep in mind when you are choosing the right one. This article will help you distinguish exactly what you need from the wide variety of choice available on the Internet right now.

Setting Up a Family Budget Template

When it comes to budgeting, the more specific the budget is, the better the results will be. All of the family income should be assigned a purpose in the budget, be it to cover some expense, to be saved, or to be invested. In addition, if the expense categories are broken down in detail, you will have a better chance to spend money exactly as desired – based on plans rather than impulses. With a more detailed budget, you also have a better overview of exactly which type of expenses were bigger or smaller than the budgeted amounts. Thus, when you are looking for the perfect family budget template, make sure that it includes all the expense categories that are relevant to you in greater detail. For example, taking care of small children, teenagers or elderly family members all have their specific type of expenses that will reoccur on a regular basis. You have a much better chance of allocating money well and sticking to the budget if the family budget template has big family expenses like child care broken down into more detail.

The next thing to consider when looking for budgeting templates is the period of time the template is intended for. Weekly, monthly, quarterly and yearly budget templates are all available, and it is up to you to decide which type of budget suits your needs best. You don’t have to choose only one – since they are very different, yearly budgets can be used in combination with weekly or monthly ones. Monthly budgets are most commonly used, probably because the budgeting doesn’t need to be done too often – only once a month – and many expenses like bills, rent and mortgage come on a monthly basis. On the other hand, weekly budgets can be very useful for special occasions, such as when you are traveling or doing something out of your regular routine. Yearly budget templates pay special attention to income and expenses that occur once a year, such as taxes, tax returns, insurance, and similar. You can use the information from the yearly budget and incorporate the costs and income in your monthly budgets as well. Thus, there are several types of a family budget template that can be used for different purposes.

right family budget template

The main reason why it is so important to choose the right family budget template is that budgeting can be quite challenging in the beginning. Many people find it frustrating to find out that it is not easy to anticipate the correct amount for all kinds of expenses. However, if the budget is tailored to your needs and provides sufficient detail, it will be easier to anticipate expenses. On the other hand, you don’t want to spend too much time customizing the family budget template, thus you need to start with one that includes most of the things you spend on and one you could fill in relatively easily. Filling in the budget template can be quite time-consuming at first, but that is the necessary cost of better spending and saving habits. If it was easy enough to do in our heads, there wouldn’t be a need for it in the first place! As it is, it is not easy to do these approximations in our heads – with everything else going on in our lives, it is be easy to lose focus. So why take on all that mental stress of planning and then retrieving information, when a computer could easily do it for you? Try to keep in mind that there is a learning curve when it comes to budgeting – within a few months you will probably feel like an expert compared to your friends who have never used such tools. When they see how much you have benefited from using a family budget, they will be begging for your advice and your family budget template!

How to Implement a Cash Envelope System

 

There you are, sitting in the drive thru at Starbucks. You already placed your order and they are making your venti caramel Frappuccino. You start searching through your wallet, gathering as many coins as possible. Unfortunately, you are a dollar and three cents short. It strikes you! You don’t have enough cash to pay for your delicious drink. That venti caramel Frappuccino…  In guilt, you pull out your credit card and pay for the drink with plastic. You just added more debt into your life. All this stress could have been avoided by using cash. Specifically, all of this could’ve been avoided by implementing a cash envelope system.

Implementing a Cash Envelope System

Set the budget.

So you’ve decided that it’s time to have a money system in place. With a budget that is properly adjusted, you’re months will seem so much easier. Your days will seem much less stressful. You know how much money you have and there is no way to spend more than necessary.

Incomes vary from person-to-person. It is up to you to figure out an amount that you are comfortable spending each month. This amount will then be divided into multiple categories.

Pick the cash categories.

It’s important to budget correctly for categories such as groceries.

The different cash categories are arguably the most important part of the cash envelope system. The categories are the framework of the system. To pick your categories, sit down with a pen and paper and record a list of all the expenses you have throughout the month. Start thinking! When I was first creating my system, my categories were as follows:

  • Automobile costs
  • Childcare
  • Rent
  • Groceries (mmm food)
  • Club Fees
  • Taxes
  • Utilities
  • Savings

In the same way that income varies, the categories will be different depending on who you are and what you do. Do you really like Starbucks? You can create a separate envelope dedicated to that.

Keep in mind that mortgage payments, rent, or just about anything that you’re only going to be paying once do not need to have envelopes.

Make or buy the cash envelopes.

The envelopes themselves are also super important. You’ll want one envelope for each category that you come up with. I’ve seen many people create their own envelopes out of office paper. Of course, you can just go online and buy the cash envelopes.

You’ll be stuck with these envelopes for a long time. You want them pretty, you want them perfect. Most of all, you want them to be functional. With making your own envelope, you are able to make it just the way you want it to be.

You can even do things like placing an index card on the front of the envelope and record all the transactions in and out of the envelope. At the beginning of the month you might put in $300, so you can record that as a transaction going in. As you spend, you record the money leaving the envelope. This way, you don’t need to constantly count how much money you have left!

Spend and adjust.

Your first month with your awesome envelopes will not be perfect. I know that mine wasn’t and nor were the experiences I’ve heard from family and friends. It takes time to get used to having limits. I highly recommend that you keep a notebook by your envelopes. You can use this as a personal journal; record the flaws and the positives of the system. What do you like most about it? What would you change?

If you felt that a certain envelope needed a bit of extra money, you should write that down. At the start of the next month, you can easily change around the cash that each envelope gets.

It is super important to enjoy your money. If a particular category feels like too much of a restriction, nothing is stopping from changing just how big that restriction is.

As the months pass, you will gradually adjust certain aspects of the system, making it your very own. One system might not work for another person, so having an individualize envelope system is crucial to making it work for you.

Benefits of Using Cash Envelopes

Spend Less Money

This is probably one of the major benefits of the cash envelope system. It is simply impossible to go over budget and it controls your mindless spending. With the system you are able to truly understand how much money you have. You realize how much money that you waste.

You don’t have to spend all the money in your envelope. In fact, you really shouldn’t. At the end of the month, you can take the remaining cash and put it into savings, investments, or grow your emergency fund.

Simplest Budgeting System

The reason why the whole cash envelope thing is so popular is because of its simplicity. Anyone can understand the basic principles of the system. There are no advanced spreadsheets; your budget will not be adjusting throughout the month.

What you have is a handful of envelopes. It’s a very tactile concept. You spend an hour setting up your wallets, and it’s good for the rest of the month. It’s all about setting and forgetting.

Impossible to Go Over Budget

As I said previously, it is impossible to go over budget. Everyone will have different meanings of “going over budget”, but for me I am able to stick to how much I put into the wallet. Of course, it is very possible to add some more cash ‘magically’ to your wallet, but cheating is no fun. You are only cheating yourself.

Controls your Mindless Spending

When you look at your money inside the wallet, you realize that you do not have as much as you originally thought. Having a credit card in your hand and having a $20 bill in your hand comes with two entirely different mentalities. With the credit card you are just spending an invisible number, with cash you can see and you actually physically spend the money.


Envelope Budgeting in Conclusion

It’s a great idea and you will not regret doing it. If you follow advice given by Budget Pronto and others around the web, you should have a fairly solid system set up in a few days.

Critically think! Some things may work for you and not work for others. Create something that you enjoy, as life is meant to be enjoyed and loving.

Go ahead, start your cash envelope system. What’s holding you back?

Business Budget Template – Best Free Templates

No Longer do you need to Search in Books for a Budget Template

It may be a mystery, so what exactly is a business budget template? The best budget templates are spreadsheets that are able to be printed and modified by multiple people in different ways. The template can be made and used in excel or other spreadsheet software such as Google Drive. A business budget template can also be a PDF or other file types. I do not recommend using anything other than a Google Drive or Excel spreadsheet, although that is just up to personal opinion. These templates can be utilized on just about any operating system such as Mac, Windows and various Linux distributions. A free excel template can be used for any level of business, whether it’s a moms-and-pops or a larger business.

Let me keep this simple… you NEED a business template, spreadsheet or worksheet. You are missing out on the growth and prosperity of your business if you are not using one. A template will assist you in deciding if you can grow your business. With a properly configured business budget template you can also see if you are able to give yourself a raise without affecting the business greatly. There could be extra money on the table that doesn’t need to be there. Another benefit is growth. With a template, you can figure out if you’re able to comfortably purchase additional assets. And the greatest reason of all is the survival of your business. It can potentially save you from bankruptcy; don’t let your business die.

Here’s one word that you or your employees never want to hear: bankrupt. By not having a business budget template configured, you are letting your business slowly cease to exist. It’s slipping into the red bit-by-bit and before you know it; you’ll be broke with no more money in your accounts. You can prevent over hiring by seeing if you’re truly able to afford more employees. You can also prevent having too much inventory and having too many assets at once. One of the main causes of failure is rapid growth that isn’t sustainable. So in short, without a business budget template, your business can become unstable and you will not make enough money to sustain or the structure will fall apart. You should never want to hear the words “we’re bankrupt”.

With all of this talk, where can you find a business budget template that is suitable for you and your business? I originally found mine online and it worked great and did almost exactly what I wanted it to do. However, as my businesses grew it became apparent that I needed to hire someone to customize it. So there is another option, you could hire someone to make one for you (You won’t regret it). You can also find great templates without even leaving this site. BudgetPronto has some of the best templates for helping you figure out the budget for your small business. If you are comfortable using spreadsheets, you should also considering spending some time and creating one yourself. There are some great tutorials out there to create one suitable for you.

business budget template

This is great, you now have a business budget template and you are ready to implement it into your workflow. There is only one small issue… you have no idea how to even use it correctly. The best ways to learn how to use a template is to read the instruction that came along with the file. If there is not one you could find a video on YouTube or learn how to do it yourself via intuition. Once you figure out how to use a budget template, the next step is to update it periodically. If you fall behind your budgets will be off. Remember to follow the template but to also take it with a grain of salt in some instances. You should follow your gut feeling and take some risks; it’s one of the only ways to truly get ahead.

Once you get your monthly budget template integrated within the structure of your business, there are some best practices you can follow to use it effectively. The number one tip that I have for you is to not forget about it. This means opening it on a set schedule to remind yourself of what your business goals are and how you’re supposed to reach those said goals. Remember to use it to help aid decision making! Not all decisions can be guess work; it would be wise to consider the numbers within your template. With that being said you shouldn’t depend on it entirely. Bill Gates didn’t make Microsoft what it is today by following a free excel budget template. My last tip is to have someone manage it for you if it takes up too much time or your business is growing too large. I’ve had friend who’ve hired virtual accountants to help manage their finances.

In conclusion, a business budget template is something necessary that every successful business should have. You need a template because it’ll help you grow your business to previously unrealistic goals by following carefully calculated numbers. Not having a budget template is an unnecessary risk to take, especially for something as important as a business. You can get a template online or you could even hire someone to make a customized one for you. It would take another thousand articles to truly list out how much of a benefit my templates have been to me.