#Sample budget sample personal budget how to#
#Sample budget sample personal budget free#

Repeat the same process for your planned income by editing the highlighted rows under the “Income” header.

Under the header “Expenses”, edit the categories and planned totals to estimate your planned monthly budget for each.

Then you can proceed to plan out your expenses.

Try adding the name of the month to your copy of the spreadsheet.

Next, we suggest renaming the spreadsheet.

#Sample budget sample personal budget how to#

How to use the Simple Monthly Budget Template Now, let’s take a closer look at each of these monthly budget templates and how you can use them to draw up a budget for yourself or your family.ĭownload here: Personal Budgeting Template It makes it easy to review and iterate your budget month-over-month.Use it to track all of your monthly budgets for the year.Has a debt payoff amount that you can use to lower personal loan payments and interest.

It also features a savings allocation widget.Used to track individual monthly budgets.Here’s a summary that can help you decide at a glance which budget template you’d prefer: Each of these templates has a different application and will suit different personalities.īoth templates were created in Google Sheets, but can be used just as easily in Microsoft Excel. In this post, we share two helpful budget templates. Tip: Check out the ultimate strategy for saving more money in South Africa and use your new budget template to start setting aside extra cash faster and better than ever before.Ībout these two budget templates tailored for South Africans

#Sample budget sample personal budget free#

Here are two free budget template spreadsheets explicitly crafted for South Africans and denoted in South African Rand (ZAR) that you can use to draw up your personal budget. Make sure that you are consistent in monthly or annual expenses.Free personal budget template South Africa It is a detailed worksheet which takes into account the tax deductions. This is an editable format where you can fill in the details of your annual income and expenses. This is an annual budget template for your personal saving in the long run.

Go through these templates and examples to learn more about a long-term budget. The budget should be in alignment with your goals. A proper strategy for the implementation of the same is also a must. Your budget needs to be realistic and justifiable. Just because it is a long-term budget and nothing is certain, it does not mean that you can put in any figures. Study them and take effect on the budget. In the long run, fixed expenses can also undergo a slight change. Surely the prices will increase so do take the effect of inflation in your budget. Labor, material and other direct costs for five years from now will not be charged the same. Prices are increased due to the increase in cost. You are also required to study the current capacity you are working at and future capacity as it must have been planned. While making sales or income projections, you need to take it into effect. If you are making a budget for, say, 5 years, the prices will definitely change or surely increase. You also need to accept your weaknesses and find ways to mitigate their effect on your goal. You need to understand the strength of your organization which will help you achieve your business or project goal. You need to analyze what is your current position and what you can achieve potentially. Step 2: Analyze the Current and Potential Situation A vision will chart a path for your future.

Your mission will help you identify if you want to keep working in the same area you are working now or venture into new fields. It is important here to come up with these two first. The mission defines what you are doing presently. Your organization’s vision will help you to think where you want to see it in the next couple of years. 5 Steps to Write a Project Budget Step 1: Have a Vision and Mission