** Free!** Monthly Budget File

** Free!** Monthly Budget File

0.00

Budget Sheet Summary: The "Monthly Budget" XL sheet is organized to give you a look at the entire year's budget, one month at a time. Categories for income, fixed expenses, variable expenses and non-routine expenses are included. Most fields can be edited and changed to fit your unique circumstances. Put your expected income and planned expenses into each category, for each month, to give you a "look ahead", and to develop a plan for your spending, to make sure that it does not exceed your income!

Add to Cart

JB WAGG INC.

Monthly Budget File Instructions

Budget Sheet Summary: The tab labeled "Monthly Budget" is organized to give you a look at the entire year's budget, one month at a time. Categories for income, fixed expenses, variable expenses and non-routine expenses are in each of the rows. Each month is a different column, and the amounts for each category, by month, you put into these cells. Most fields can be edited and changed to fit your unique circumstances. This page, the row and column titles and the fields in gray, which are calculation cells, cannot be changed. Remember, you are putting your expected income and planned expenses into each category (row), for each month. The purpose of your budget is to "look ahead", and have a plan for your spending, to make sure that it does not become more than your income!

Income Section: The first section is for you to input your income every month. In the example numbers, you will notice that Paycheck 1 and Paycheck 2 increase in October. This is shown to model reaching (and then exceeding) the maximum income for which Social Security is withheld. This situation may or may not apply to you, but we wanted to show it here in any case.

Fixed Expenses Section: Fixed expenses are those things that you pay each month that don't change (or, don't change very much). Remember, the row descriptions are just for example, you can label them anything you want. The numbers in each section are also, just for example.

Variable Expenses Section: Variable expenses are those things that you pay each month that DO change, based on several factors. For example, the amount you will spend on electricity is generally higher in the summer, for air conditioning. You will see this modeled in the example numbers.

Non-routine Expenses Section: These are expenses that you want to track separately from the others, like interest and existing balances on credit cards, with a plan towards paying these off! You will see in the example numbers that payments in these categories stop after a few months, to model that this is what your budget should look like, if you have these expenses today. You want to get these paid off as soon as you can reasonably afford to do so.