4/14/2024 0 Comments Expense tracker printableThis means if you click on the link and purchase the item, I will receive an affiliate commission. Home ĭisclosure: Some of the links in the post above are affiliate links.This list should give you a great starting point, and is exactly what I use on a regular basis. I think there is a time and place for super specific categories, but if you are just starting out, I would try not to make it too awfully complicated. Try to group each purchase based on similarities, and be as specific or as general as you’d like. Grab a scrap piece of paper, and write down every type of expense you can think of. Choose Your Spending Categoriesįirst, let’s begin with a super easy task – spending categories. The next few steps will show you exactly how to do this. And I mean every receipt, online purchase, and old school check you write – yes, everything! If you are serious about changing your financial habits, you need to commit to tracking absolutely everything from now on. A quick grocery store run here, a new pair of jeans there, and no sooner than you’ve made the choice to crack down on your spending, you’ve already overspent because you didn’t…you guessed it… keep track. One of the keys to gaining control of your finances and learning how to manage money better, is knowing exactly where you spend your money.īelieve it or not, it’s absolutely impossible to keep track of everything in your head. To read all posts in order, start with Why You Need a Budget, then continue reading the rest of the series on this page. This is the third post in the Creative Savings’ Beginners Guide to Budgeting Series. You may not use these funds each month, but when the expense arises, you’ll be ready.īudget planning helps you get out of debt/reach your goals. A good budget plan will tell you exactly how much money you have each month to put aside for savings goals, investment goals, and paying off debt.If you’re serious about changing your financial habits, you need to keep track of ALL your spending! The FREE printable expense tracker found in this post is an essential tool for accountability and change. You should plan to set aside a certain amount each month for home maintenance, car repair, medical expenses, etc. This helps you plan ahead for the months expenditures and prevents you from making rash purchases.īudgeting prepares you for emergencies. When done right, your budget will give you ample funds for all those expenses life throws at you. Here are just a few benefits of using a monthly budget planner or tracker:īudgeting ensures that you don’t overspend. Budgeting forces you to take a long look at your finances and make your income and your outgoing match. Whether you are in debt, living month-to-month, or just can’t seem to save and invest as much as you want, a budget planner can help take back control of your money. Knowing how much money you have coming in and where your money is going is an important step in achieving financial freedom. Taking a good look at your finances every month and making a plan for your money will help you reach you financial goals more quickly.īenefits of Using a Monthly Budget Planner Please click here for more information about cookies collected and our privacy policy **. If you make a purchase using one of these links, I may earn a commission. ** This website contains affiliate links.
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