Skye Clemes October 1, 2020 Budget
For example, I love donuts. There are several times that T have bought one or two donuts from the mini-mart when I stopped to get gas. I may only spend one dollar at each stop, but if I do this several times each week, it can add $10 or more to my food budget. Coffee might add another $10 or $20. If I did not figure this into my food budget, I would have problems. Since all of our money is supposed to be accounted for in our budget, there is no "extra" money. That means that if I do not take it from my food category, I am taking that $20 or $30 from another category. This would throw the entire budget off course.
Many people would love to simplify their budgeting process. However, since many cannot use the Excel worksheet, there has been a desire to have an easily available and user friendly budgeting spreadsheet that would enable you budget with ease. Many versions of these spreadsheets are available and can easily be used with Microsoft Office such as Excel hence making it easy for many people.
Monitoring spending is helpful. This may seem to be a little bit tedious to do, but the results will really help get you on track financially. You accomplish two things by monitoring your spending habits. First, you will be able to confirm that your budget is accurate. If your budget calculations are off, then it will not be easy to stick with. Remember, a budget is not meant to be a constraint. You want to have a budget that reflects your actual spending habits. Second, you will be able to see some of your own common mistakes. Soon, you will see how little purchases can add up.
The nice thing about a budget calculator is its flexibility. Not only can it be used to asses your current financial situation but you can also start planning future financial goals quite easily. The beauty of implementing a budget is that you are able to take back control of your money and make it work for you and a budget calculator can help you see the road to financial stability much easier.
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