These include loans, mortgages, credit card debts, etc. Proper personal budgeting can help us get rid of our debts.Moreover, budgeting helps you to plan a better retirement.Be it buying assets like cars, home, gadgets, or luxuries.
In case we don’t have a deficit, budgeting helps in achieving our financial goals.The first and foremost thing is that it helps us to keep an eye on our spending.Here are a few things budgeting helps in: Our spending increases more than our incomes and we start to accumulate debt. As a result, we even don’t know when we cross the borderline. Usually, people neglect budgeting in personal financing. Similarly while Budgeting, we track our incomes and expenditures to decrease/cut-down unnecessary or unwanted expenses. During dieting, we make a schedule of what we eat and try to reduce the extra pounds that we have put on. Personal Budget Template (Excel, Google Sheet, OpenOffice)Ī personal budget is a financial plan that allocates your income towards routine expenses eventually helping to do savings or debt repayments.īudgeting is similar to dieting.Q: HELP! What if I use a different currency other than USD? A: The spreadsheet is currently available in dollar, pound, and euro. PLUS, I’ve built this spreadsheet to support my 3BB method (you’ll see what I mean once you purchase)! If you want to be a little more hands-on with your finances and think spreadsheets may be your jam- by all means, go ahead and purchase! You won’t hurt my feelings, promise. Q: Wait… I’ve read that you use a different budgeting method, so shouldn’t I try that instead? A: Although I teach my 3 bucket budget method in my Back to Basics course, I also know that personal finance is just that- PERSONAL. Q: Do I really have to budget every single purchase I make? A: Not necessarily! This budget is built in a way where you can apply your own method to it- meaning you can be as detailed or as broad as you would like with your categories.
If you have any lingering spreadsheet questions, shoot an email to Is this compatible with Microsoft Excel? A: It is 100% compatible! Just make sure you download the excel file and not the Google Sheets one. YAY ENGLISH ACCENTSSSSSS!! There are also instructional comments placed throughout the document, so you’ll be a pro at using it in no time. FAQs Q: But what if I’m not spreadsheet savvy!? A: You’ll receive a video tutorial narrated by Tori herself plus a special guest, our very own and VERY British SEO specialist, Jack, who will walk you through the entire product.
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