Living within their means is something that most people struggle with. Developing a budget can help with this. A person will know how much money they have to pay out in bills and other expenses. The personal monthly budget template can help a person look at where their money is going. The personal monthly budget template can be downloaded from this post and customized to fit a person’s expenses.
At the top of the personal monthly budget template a person types in their monthly income after taxes. Once a person knows how much money they are filling in they fill in the rest of the personal monthly budget template with their expenses. A person first types in their housing expenses.
They type in the projected cost they think they will spend and then the actual cost. Household expenses include mortgage or rent, telephone or cell phone, the cost of electricity and gas, water and sewage. There is also a place to type in waste removal costs, cable television, and any supplies that are needed around the house.
The personal monthly budget template also covers transportation expenses including car payments or bus fair, insurance , fuel, and any maintenance. There also a category to cove other types of insurance a person has to pay. The personal monthly budget t template also covers credit card expenses, student loans or other loans, state and federal taxes, and personal care expenses. The personal monthly budget template also has a place where a person puts entertainment expenses.
The personal monthly budget template can be updated as needed. If a person gets a raise they can plug the increase in salary in. If a personal has additional expenses or pays off a bill this can be adjusted on the template. This template is all set up to help a person figure out their monthly finances and adjust them as need. A person may even realize they have some money left over to save. You can do that on bi-weekly too by using our free bi-weekly budget templates.
Personal Monthly Budget Template Spreadsheet :