I kept a small memo tablet in my purse & jotted down any- and everything “extra” so I could enter it during the weekly check-up. I was diligent with using this spreadsheet & checked it on a weekly basis. When I used this spreadsheet, I’d plug in all those non-changing items for the whole year (rent, transit expenses, cable, cell phone bill), and for other utilities, I averaged six months worth & added $10 to whatever the average was – since one bill is never the same unless you’re on some type of budget plan – With this guesstimate, I found that I generally had money back in my pocket which I applied to paying off a credit card here’n’there! The other “tools” I’ve used mainly show what I’m spending & when/where I’m spending it (like, when a bill is due, I open my budget spreadsheet, enter the amounts being paid, click AutoSum, and I’m done with it.) Still, I’m finding that I don’t have quite the same “stick-with-it” attitude doing it that way as I do with this one. I personalized it more by adding in extra columns to reflect my bi-weekly pay dates. I’ve used several others since, but I think I’m going back to this one it really is the best. This spreadsheet is very similar to one I used a few years ago. Little reviews and updates can add up to big changes. Step 5: Repeat, Revisit, Review!Ĭheck in with your spending, earning, and debt reduction.
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By facing the hard stuff and making changes you’ll turn your money around, rather than turning your back on your money. Step 4: Turn it around!įacing the numbers and looking for ways to cut spending, increase income, or changing spending habits can be a messy uncomfortable process. Wherever you spend, however much you owe, whatever you save - Your monthly totals are not your self worth, it’s your starting line. Family: Childcare, allowance, activities, books, toys.Routine Expenses: Groceries, clothing, personal.Enjoyment: Gifts, holiday, pets, entertainment, restaurants, hobbies.Financial: Bank fees, interest payments, debt repayment, savings accounts.Medical: Prescriptions, dental, health insurance.Utilities: Streaming, internet, phone, electricity, water.Transportation: Car, transit, fuel, maintenance, bicycle.Home Expenses: Rent, mortgage, insurance, maintenance, property taxes.
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