| 
Education: Budget Worksheets
 It
may look scary, but it’s the best way to see if
you’re managing your money or if your money is
managing you! There are three budgets available to download:
a simple budget, a detailed budget and a funny money
budget. The simple budget gives you a quick look at
your finances, while the detailed budget explains where
the money goes line by line. Take a few minutes and
see where your money really goes.
We recommend doing a budget review every year. Start
with the simple budget, and then track your expenses
for a month or two. After you’ve tracked your
spending, complete the detailed budget to categorize
where the funds are going. This should give you an accurate
account of where the money is going.
To calculate your occasional expenses for the budget,
translate your bills to a monthly format. For example,
$600 for car insurance every six months is equal to
$46.15 biweekly or $100 monthly. (There are 26 pays
in one year for a biweekly payroll. Six months equals
13 pays; $600 ÷ 13 = $46.15 per biweekly pay
cycle. $600 ÷ 6 months = $100 per month.)
Hey, it’s
your money –
don’t you want to know where it’s going?
(required to view)
|
