Happy Friday Everybody!
This morning I was paying bills online and updating my monthly budget spreadsheet when it occurred to me that this may be something that others find helpful. It's a super easy system that I use and is really helpful in knowing where you're at financially on a monthly basis.
I've done the hard part and created the spreadsheet in excel for you. I have filled it with examples, all you have to do is change the numbers to reflect your own finances. I am more than happy to email you the excel spreadsheet, just email your request to me at cathhasablog@gmail.com.
You don't have to do any adding or subtracting, just type in your own income & expenses...all the calculating is done automatically for you. See! Easy!
I look at this spreadsheet all the time and update it regularly. I also use a more in depth one based on each paycheque and what we'll be paying with each one but I will share that with you at a later time.
FIXED EXPENSES:
The fixed expenses are in the order of the monthly due date. That way it's easy for me to keep track of what is due when. Fixed expenses are items that will not change from month to month. We've all heard the saying 'pay yourself first'...ideally you should be putting away at least 10% of your monthly income into some form of savings each month. Most of my fixed expenses are set up with an automatic payment online through my bank account, a couple I have sent post dated cheques for and a few I pay manually online.
VARIABLE EXPENSES: Variable expenses change every month. It's good to project what you expect to spend each month so that you can have an idea of how much money you actually have. A recommended system to spend your variable expenses is to pay for them with cash only, you can even make envelopes for each category. This will give you some perspective on how much you actually spend each month. Then you can come back to this spreadsheet and adjust accordingly.
Toni, over at 'A Bowl Full of Lemons' has a great Cash Envelope System on her blog if you're interested, and of course, it's done in a very fashionable way (think pretty envelope wallets!).
So are you wondering what i do with all the paper? Those dreaded bills that come in the mail! I have a household bills binder with dividers for each bill that I keep them all in. The binder idea was inspired by a post I read over at the blog Echoes of Laughter. Hint: No filing involved! (just hole punching!) Check it out!
I hope you find this helpful. I would love to hear your feedback on it!
Big Hug! Cath
I Have Been Featured!
I am linking with these great parties:
This morning I was paying bills online and updating my monthly budget spreadsheet when it occurred to me that this may be something that others find helpful. It's a super easy system that I use and is really helpful in knowing where you're at financially on a monthly basis.
I've done the hard part and created the spreadsheet in excel for you. I have filled it with examples, all you have to do is change the numbers to reflect your own finances. I am more than happy to email you the excel spreadsheet, just email your request to me at cathhasablog@gmail.com.
You don't have to do any adding or subtracting, just type in your own income & expenses...all the calculating is done automatically for you. See! Easy!
I look at this spreadsheet all the time and update it regularly. I also use a more in depth one based on each paycheque and what we'll be paying with each one but I will share that with you at a later time.
FIXED EXPENSES:
The fixed expenses are in the order of the monthly due date. That way it's easy for me to keep track of what is due when. Fixed expenses are items that will not change from month to month. We've all heard the saying 'pay yourself first'...ideally you should be putting away at least 10% of your monthly income into some form of savings each month. Most of my fixed expenses are set up with an automatic payment online through my bank account, a couple I have sent post dated cheques for and a few I pay manually online.
I Have Been Featured!
I sooooo need this. Thanks for sharing your blog with me.
ReplyDeleteHey buddy that was a gud post
ReplyDeletelot of quality stuff and essential information
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Cath, thanks so much for visiting my blog and for the positive feedback! As you know, it means a lot. And I love this post - I still do the old paper and pencil budget, which is a pain. I'm totally pinching your electronic version ... and would like to feature it in a future blog post, if that's OK. Now, I need to go look at your art closet!
ReplyDeleteYou are so welcome! Would LOVE to be featured on your awesome Canadian blog! Just let me know when...do you have a button I can put on my blog?
DeleteThank you Cath for following my blog and leaving such a nice comment. By the way I really like this post! I started an electronic monthly budget some time ago, it’s awesome...no more paper to lose :)
ReplyDeleteI love the simplicity of your budget! My husband is a mathematician, so ours looks as if we are managing a multi-million dollar company or something since it's so complex, haha!
ReplyDeleteSaw you at the Sunday Social, hope you come by for a visit!
Catherine
tbc-tobecontinued.blogspot.com
Oooh!! I just made that binder for bills here too! Love the spreadsheet. Am downloading right away. And following too!!
ReplyDeleteThank you for stopping by my blog! Your comment, your blog and YOU are awesome!Made my day! I only discovered Link Parties over the weekend (new to blogland) and am having so much fun!
ReplyDeleteYou are an inspiration. There is so much that we have in common and reading your story and seeing you do all of the things you do gives me the push I need to get my own things done. I hope you shake that cold soon! ~Kim
This is going to be so helpful!! We're so glad you linked up to "Strut Your Stuff Saturday" We loved having you! Please come back next Saturday and share more of your great ideas! -The Sisters
ReplyDeleteThanks for sharing this - it's just what I need!!
ReplyDeleteI just emailed you for a copy, thanks for sharing this!!
ReplyDeletethanks for sharing the good tips for making the monthly budget of home....
ReplyDeleteThanks for sharing!!
ReplyDeleteThank you for developing a simple plan I can follow and really stick to!!!
ReplyDeleteThanks,
Terri