![]() ![]() Your budget is not set in stone, so review it every month and adjust it to fit your life as it changes. The important thing is to be realistic and create a budget you can live with. A successful budget planner helps you decide how to best spend your money while avoiding or reducing debt. ![]() If your income is larger, consider adding more to your savings so you can reach your goals a little faster! A budget planner is a tool, such as a worksheet, that you can use to design your budget. Or look for ways to increase your income until your expenses and income are aligned. Step 3: Total your expenses and subtract it from your income – If your expenses total more than your income, go back and adjust some of your flexible and discretionary expenses. Budget worksheet – Microsoft Excel file.The worksheet is broken into fixed, flexible, and discretionary expenses to make it easier to see which expenses you can adjust. Step 2: Estimate your expenses – Make categories for each of your expenses and write down the amount you spend each month. Step 1: Add up your income – List all the money you have coming in on a regular basis, then total it. So, with that information, it’s time to create your budget: Examples: CDs, movies, or money that you save.It’s money that you choose to spend, like going to a movie, buying a video game, or even money you put in a savings account. Using coupons or choosing a less expensive brand will save on your grocery bill – you have some control over the amount you spend.ĭiscretionary Expenses – A discretionary expense is not a necessary expense. For example, rent and car payments are fixed expenses – you have to pay a set amount each month.įlexible Expenses – Flexible expenses may also occur regularly but they’re expenses where you have some control over the amount. It’s a necessary expense that occurs regularly that you can’t really control. It’s about being clear on your expenses and making smart decisions.Ī budget is a plan for managing your money so that you can pay your bills and daily expenses, save for unexpected expenses, and achieve future financial goals (like college).įixed expenses – A fixed expense is a cost that does not change from month to month. National Youth in Transition Database – NYTDīudgeting doesn’t mean you have to give up your favorite things.Supplemental Education Transition Planning Program (SETuP).Education and Training Voucher (ETV) Program.Free Application for Federal Student Aid (FAFSA).General Educational Development (GED) High School Equivalency Test.Write a Great Resume With Little or No Job Experience.Application Strategies for Awkward Situations.Get the Upper Hand With Employer Research.To download the spreadsheet, in the Google Docs menu, go to "File" and then "Download as ▶" and select "Excel." Note: Don't ask for permission to edit the main document! I'm not going to give it to you, because you'd be typing directly into the template that everyone can see.ĭon't like it? If you have suggestions for improving the spreadsheet, please email me at two roommate spreadsheet gmail com. Whoever has the positive amount should pay the other roommate. Roommates can divide and track expenses for living together, such as rent, utilities, groceries, household products, and more. When you want to settle up, reference Columns L and M. Anytime you pay your roommate money, enter the amount you paid in your "credit" column. Next, you will need to input the monthly expenses that you and your roommates. The sum of L2 and M2 should always equal zero.ĭirections: Anytime your roommate owes you money, whether it's for their share of an expense or because you loaned them money, enter the amount they owe in their "debit" column. The first step to using the template is downloading it for free from this site. Cell M2 is the sum of columns G and H minus the sum of columns F and I. Cell L2 is the sum of columns F and I minus the sum of columns G and H. These are the only dynamic cells in the spreadsheet. These columns are purely for your reference they don't affect any other part of the spreadsheet.Ĭolumns F-I show each roommate's debts and payments.Ĭolumns L and M show a running total of the balance between roommates. The first five columns (A-E) show the basic details of each expense. ![]()
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