Budget Worksheet Free Monthly Template Frugal Fanatictable Personal Templates Sheet

How to Save Money. To build wealth, you have to start somewhere. Therefore, the ability to save money is the cornerstone of building wealth. In order to save money, you need to spend less than you earn. This may seem obvious, but so often, it's easier said than done. Fortunately, there are several devices you can use when beginning to save money, even when your budget is tight.

You will first complete the "Monthy Budget Amount" column to the best of your ability for the next month. These should be your best, informed estimates. Should a certain category not apply to you, you can simply leave it blank or enter a zero Ɔ' in the box. Over the course of the month, track your income and spending. At the end of the month, complete the "Monthly Actual Amount" column and compare it to your original estimates. Did you overestimate how much you'd spend on clothing, but underestimate the amount you'd spend eating out? Record the difference. Though you do not need to go through this exercise every month, it is extremely helpful at the start as it helps you to develop the most accurate monthly budget to reference moving forward.