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• #DISCRETIONARY EXPENSES FREE#

The right mindset on this case simply means looking at budgeting as a tool to manage your money and not as a task that feels like a burden.Ī simple switch in this outlook will enable you to sustain the activity and turn it into a habit.

I’ve mentioned above that it’s not the method that counts, it’s the habit.īefore you can turn budgeting into a habit though, you have to employ the right mindset so you won’t end up losing momentum in the long run.Īnd it’s not as complicated as you think. Here are 16 practical tips for budgeting your money.

#DISCRETIONARY EXPENSES FREE#

Their free and downloadable spreadsheets range from simple budget trackers up to business and construction expense templates.` Easily input your transactions, categories, and balances. This free budget spreadsheet from Tiller comes with a monthly and yearly “budget view” for a quick insight on your cash flow. Feel free to try each one out to see which one best matches your budgeting style. We’ve collated a list of some of the best and most effective budget tracker spreadsheets and templates from the Web to give you more options to try out. Think of it as a tool for helping you cover your monthly expenses and financial goals. Help you plan your expenditures, making sure you’re not short on money and go into debt. It will give you an idea of how much you’re really spending on a recurring basis. Here’s a sample worksheet from Randell Tiongson’s book – No Nonsense Personal Finance: SAMPLE MONTHLY CASH FLOW However, as basic as it may seem, using it has plenty of benefits. A budget worksheet is merely a record of your monthly income and expenses.

Budget Tracker Spreadsheet Samples and Templatesĭon’t let the title intimidate you. Gadgets, travel, dining out, watching movies, trips to the mall, are some examples. In short, absolute must-haves.ĭiscretionary spending refers to paying for stuff that we can technically live without but still consider important. Non-Discretionary spending refers to paying for essentials like food, housing, medicine, and educational expenses. What is Discretionary and Non-Discretionary spending? Through budgeting, you make sure all essentials and non-essential expenditures will be covered. Then you have Meralco, water, gas, cable, Internet and credit card bills next. It ensures that all important expenses will be paid for.įood, housing, medicine, school, are the basics. Why is it important to budget your monthly expenses? Your family’s monthly budget, for example, allows you to allocate your cash according to your monthly expenses.Ī travel budget, on the other hand, accomplishes the same goal but is meant for funding your trip and how much to spend for each entry in the itinerary. A “framework” to guide you on how money should be spent on a particular project, item, or time frame.