Anne Sanborn October 3, 2019 FamilyBudget
Budgeting does not need to be complicated. You do not need a master`s in accounting. You do not even need a computer. Pen and paper will do. A good family budget performs the following functions: - Keeps your checking account in the positive - Helps you get out of debt - Helps you save money for the future - Helps you spend your money on what is most important to your family There is not much else to it. As long as your family budget meets the above criteria, you have accomplished a lot.
How do you create an effective family budget? First of all, avoid convoluted software programs that want you to devote an entire weekend to categorizing, analyzing, and so on for the sake of creating the perfect budget. Perfectionism, when it comes to budgeting, is a huge waste of time. Reality has a funny way of sometimes not giving a damn about what you have gotten written down in your budget. So, relax and just give it your best shot.
Checkbook registers come in many sizes, shapes, and colors; yet, for all of their physical diversities, their only function is to provide information about your bank account. And since you are basing your lifestyle on the amount of funds in your bank account; it would behoove you to have an accurate account. Remember, you are the first line of defense against potential problems that can arise from having misinformation. Of course, you can be like our friend above who waited and had his card returned, deflated and useless only then to realize that there is a serious problem.
People usually feel that it is a must to make the most out of every single thing and this is very much applicable even to using the budget template. While there are free budget templates, there are also a lot of other paid budget templates that come with great features, although in this aspect, less is sometimes more.
Any software or template should be able to divide all your spending into detailed categories. It should also include spending that may not occur every month. These types of spending will then need to be included in your monthly budget and set aside; that way when you need the money for something like an unexpected oil change for your car or a present for a friend, the money will be available and will not hit you as a surprise. These are just few of the things that can manage to set a good budget worksheet apart from a poor one.
Q: Is making a budget hard? A: No! It is not. In fact, all you need to do is go to Google and type in "budget worksheet", and there are numerous free resources available to help you in the process. There are also software products available. Microsoft office actually has free downloadable budget templates. Every suggested category is included, so you can customize it to your liking, print it out, and get to work.