1- With this personal template for accommodation, travel, food, and entertainment, this template is intended for both individuals and families. Learn more about automating your finances in my existing post. Finding a budget template that works for you is simply because there are so many free printable budget templates online. You could also move your guilt-free money to a prepaid card you use just for fun spending. Making these transfers automatic will have you thanking past you for not forcing you to make these difficult decisions each month. Available in formats such as Google Docs, Google Sheets, MS Excel, MS Word, Numbers, Pages, and PDF. Allow this template to be your aid in achieving your financial goals.
That way, you don’t even have to think about it.įor example, you could automatically transfer money for your fixed costs to go into a joint account with your spouse. The use of this template is to maximize your savings and to extract whatever is consuming too much of your money. A simple way to do this is to set up regular transfers from your checking account to your savings accounts. The next step is to split your money up into each category when your paycheck comes in. The most important thing is that it works for you. Don’t feel guilty about it, it’s all part of the process. It’s not the end of the world if you have to tweak the percentages a little bit. 401k, savings goals), and 30% for wants (the stuff you feel guilty about spending money on). Remember, budgeting is an organic process.
As we mentioned earlier, a good rule of thumb is 50% for needs (e.g. Now that you have a good idea of everywhere your money should be going, it’s time to bring automation into the mix.įirst off, decide what percentage of your take-home income you want to put into each category.