![]() This pie chart shows the percentage share of the summarized expenses incurred throughout the year. ![]() The Annual - Expense and Distribution Pie.The same data is also used in the doughnut charts, which shows the share of each expense category. The bar chart is a representation of the monthly expenses by category. The chart makes it easy to interpret the income source with the largest and smallest shares. The Income pie chart reflects the share of each source of the income, which you receive. The Dashboards worksheet shows a summary of your personal budget in four different charts. This value is calculated both on a monthly and annual bases. Potential savings made by an individual are calculated by simple subtraction of the sum of the Total Savings Goal and the Total Expenses from the Total Income. It also helps with making better savings and expenditures decisions. The monthly analysis helps to obtain a projected image of the overall savings targets that individuals aim to achieve and the amounts they can potentially allocate towards their savings. The net value of the savings goal is calculated monthly, as well as on the basis of an aggregated annual amount of savings. The savings goal can be a single goal or a set of projected goals. The worksheet also includes a savings goal set for each month that one should aim to achieve through successful budgeting. There are various sources of income included by default in this template: The first worksheet is the personal budget worksheet that will hold the details of the possible sources of income, as well as amounts received through each of the sources. Lastly, be a planner and don't let the next month start without preparing for its budget.Start by downloading the template and recording into the spreadsheet your income, followed by expenses. So, it's essential to adjust your simple budget sheet according to the change. There will come a time when your expenses or income will change. Your savings can be for an emergency fund or retirement. As you know, your savings will provide you and your family or business security in the future. Identify Your SavingsĪnother essential part of any budget is your savings. Additionally, don't forget to track your expenses to ensure that you're sticking to your budget. For a family budget worksheet or a household budget worksheet, you can categorize them into food, healthcare, household, leisure, utilities, etc. When you list your expenses, be sure to categorize them. List Your ExpensesĪs part of your budget plan, you have to include the amount you're spending monthly. ![]() If you have seasonal additions to your income, include them, too. Before you record your monthly income, ensure that you've already deducted your taxes. Start your monthly budget with the amount of money you're receiving monthly. And whether you need a personal budget, business budget, or a household budget for the month, you can make yours with the tips below. But did you know that preparing a monthly budget is crucial? When you prepare your budget, you're secured with your finances since you follow a budget plan. The 2013 Gallup poll found out that only 32% of households in the U.S. ![]() So, what are you waiting for? Download a template now! How to Create a Monthly Budget in Microsoft Word You can quickly edit any template you want without hassle. Our templates are 100% editable and printable. Create a well-made and useful budget with our stack of ready-made Monthly Budget Templates in Microsoft Word (DOC). See? Planning a monthly budget does wonders. You can even save money with the assistance of your budget. You can also make sure that your money is enough for your needs. When you have a budget, you'll keep track of where your finances are going. ![]() Preparing a monthly budget provides lots of benefits. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |