You heard me, you need to start a personal budget planner right away. Without a proper strategy in place to save money, how do you expect to understand your complete financial situation?
As the writer of many saving money blogs, I have always preached the benefit of running a current and uptodate budget spreadsheet in Excel.
It keep you organised, both mentally and financially and is one of the easiest ways to save the big money.
What can a budget spreadsheet do for you?
A budget planner/spreadsheet can help you monitor your incoming, outgoing and generic costs. You can see your earnings in a clear light and track where that money is actually spent.
Tracking your outgoings means that you can track your actual in pocket salary per year. You may be earning £20,000 but how much of that is wasted on all of your everday expenses?
How can a budget planner help you budget?
- Saves you money
- Tracks your earnings
- Highlights your spending patterns
- Gives you savings goals
- Reduces spending
- Creates a holistic picture of your finances
Where can you get a FREE budget planner?
You can obtain free budget planners from just about anywhere on the internet. Download a few after a Google search and try and adapt your spreadsheet to utilise all of the best possible features from all of them.
Should you pay for a budget planner?
A good friend once told me you always get what you pay for. Free is good only up until a point. Paying for someone elses budget spreadsheet is an effective way of getting the maximum value out of your spreadsheet, just be careful you buy the right planner.