Archive for the ‘Daily Spending’ Category

Creating a Monthly Budget – Free Budget Worksheet

We all know the importance of creating a monthly budget, but like most it’s hard to sit down and create one.  I find every excuse I can to not create a budget, it’s not that I don’t know I need it, I just find it hard to actually sit down and start one and follow through.  I know that I need to know where I stand financially to reach my goals and I plan on buying a house within two years.  The budget is my playbook and every month I will be creating and following through so I can reach that goal.  Head on over to here where you can create your own personal monthly budget.

Below is a copy of my budget for March.  I’m currently on leave, so I don’t have any income budgeted to come in.  I have no car payments and one credit card that is paid off.  My savings will take care of my expenses for the month $1754.

Monthly budget for March, 2015
Deductions

Budget Actual Difference
Savings (to set aside) $ $ $0.00
Other $ $ $0.00
Total $0.00 $0.00 $0.00
Housing

Budget Actual Difference
Rent or Mortgage Payment $ $ $850.00
Utilities $ $ $500.00
Home Repairs (to set aside) $ $ $0.00
Total $1350.00 $0.00 $1350.00
Debt Payments

Budget Actual Difference
Credit Card Payments $ $ $0.00
Total $0.00 $0.00 $0.00
Food

Budget Actual Difference
Groceries $ $ $400.00
Total $400.00 $0.00 $400.00
Transportation

Budget Actual Difference
Car Insurance + Taxes $ $ $0.00
Car Maintenance (to set aside) $ $ $0.00
Gas $ $ $0.00
Total $0.00 $0.00 $0.00
Family

Budget Actual Difference
Activities & Lessons $ $ $0.00
Total $0.00 $0.00 $0.00
Personal & Health

Budget Actual Difference
Clothing $ $ $0.00
Toiletries & Care Products $ $ $0.00
Health, Life & Disability Insurance $ $ $0.00
Doctor & Dentist Visits $ $ $0.00
Prescription & OTC Drugs $ $ $0.00
Total $0.00 $0.00 $0.00
Education

Budget Actual Difference
Books & Fees $ $ $0.00
Supplies $ $ $0.00
Total $0.00 $0.00 $0.00
Entertainment

Budget Actual Difference
Other $ $ $0.00
Total $0.00 $0.00 $0.00
Miscellaneous

Budget Actual Difference
Pet Supplies & Vet $ $ $4.00
Other $ $ $0.00
Total $4.00 $0.00 $4.00
New Section

Budget Actual Difference
New Row $ $ $0.00
Total $0.00 $0.00 $0.00
Summary Calculation Budget Actual Difference
Total Expenses $1754.00 $0.00 $1754.00

3/15 Spending $8.19 on Carol’s Daughter

I spent $8.19 on Carol’s daughter Margarete’s hair magic. It’s normally $17 before tax and $18.19 after tax. I had a $5 wrapp sephora gift card and a $5 egifter gift card which brought my total down. Not bad for something we needed and a product I love using on me and my girls hair.