Dynamics Of A Monthly Budget

Dynamics Of A Monthly BudgetJessie Andreola112Why Have a Monthly Budget?Reasons to have a monthly Budget:

Keep track of money spending

Help you save more money over time

Allows for planning

No surprises

Organization for personal use and busniess

Getting the Basics3When you begin your budget

Start with determining what you pay for each month. (ex. Credit card payment)

On average how much do you pay for them?

What is your salary?

Now lay this out in a excel sheet

The next step is to layout the year in months.Example below

4 The Basics

Next you need to add a Total column at the end of your months. Here you will be adding the formula: =SUM(C3:I3) or the coordinating cells in your excel for each category (ex. Car payment, food, and credit card payment).This formula will add all your expenses for a year in your total column. A video tutorial for using the sum formula.

5Now For the DetailsLastly you need to fill in your monthly budget as the months go on.

6Details

7Monthly Budget Steps8Charting Budget

Click here for more information on the benefits of a monthly budget.