Personal Budget Spreadsheet

Your financial health is the most important thing in your life. If you get into debts, you’ll be able to come out of it unscarred with a sound budget system. But if you don’t have a budget to support your finances, you may not recover from your bad financial patch and your future may suffer. If you have a budget, you’ll be able to understand the importance of saving money. With an affordable budget, you can even get help from credit consolidation to pay off your credit card bills. There are a number of lessons that you learn when you create a budget for you family finances.

What does budgeting teach you?

You can learn a lot from your financially tight situation but you must try to improve it as soon as possible. Try to create a budget system according to your credibility so that you can change it as per your emergencies. Budget teaches a lot, like:

1. Money saving tactics
There are quite a number of ways you can save money and secure your future. With the help of a budget, you get to know the amount of money you spend at every item and the amount you get to save. If you know the expenditures, you’ll definitely want to cut short some of it so that you can save more and pay off your debts with it. You also learn the ways you can save by using home-made products and other cheap things.

2. Smart yet not cheap
You learn to lead a smart life yet not a cheap one. You can easily learn the ways you can make different items at home that can save a lot of bucks. You can learn to cook food at home instead of eating out so that you can save that money. There are other things that make you smart and sensible when you try to make extra money to support your family. There are a lot of online jobs that require you to write articles and they also pay for the content that you provide. If you try to save electricity by turning the heating system of your house down, you lead a frugal life and not a cheap one. If your kids question you, you can ask them to wear extra clothing so that they can feel warm.

3. Importance of money
When we have a lot of money, we don’t feel it’s that important and overspend it. But when we get into debts or lose our money, we get to know its importance. The one thing that you can learn from budgeting is importance of money. Since, you save it and spend it as frugally as you can; you get to know that everything depends on your financial health. If you have a good credit score, you’re credible enough to borrow credit or purchase insurance.

The 3 important lessons are really helpful if you’re just starting with your budget system. Try to work according to the budget so that you’re at the receiving end rather than on the losing side.

Quick Features on The Spreadsheet

Meet Kristen, a mother of two, who recently quit her job to be a full time mom. The decision was the right one for her family, but it also cut their income in half. Jeanette looks at Kristen’s budget line by line and shows her how to save 80% on clothing, 35% on groceries and offers insightful ways to save on other household expenses.

themoneytracker.com personal finance home budget software is made east and fun with the simple seven step system to managing and mastering money online.

www.SaveUsChuckWoolery.com Game show legend Chuck Woolery discusses his thoughts on how to cut government spending.

www.LoanModAdvisors.org Do you understand what kind of paperwork is involved in a Loan Modification. We will show you the importance and exactly what to fill out on the Loan Modification Budget Worksheet.

www.xlyourfinances.com

Pt 2 of 3 – Google Spreadsheet Formula: This video will show how to use the built in functions to find the “Line of Best Fit” for a collection of cells or data. It will find the the slope, intercept and error. It uses the LINEST function. This information is universal and can be applied to other spreadsheets such as Excel or OpenOffice.

Online Budgeting www.myonlinebudgetingsoftware.org When creating a budget, whether you use our online budgeting software, or a simple ledger. It is important to know what your income to expense ration is. A general rule of thumb is to stay within an 85% expense to income ratio. Of course the more you save, the better off you will be. Budgeting will help you account for every dollar made and spent. Building a budget is the act of combining your income and expenses so that you can decide how much money you are going to spend on one item, how much on another, and so on-before you actually spend the money. Creating a budget doesn’t mean that all of your problems are going to be solved, but it is an important step to determining your financial health and creating financial stability. It won’t be too difficult to create a budget, but it will be very difficult to stick with one. Creating and using an Online Budgeting Software is a priceless tool for everyone; it’s not just for those who need to closely monitor their cash flows from month to month because “cash is tight”. For people who earn enough income to cover their bills and have a regular monthly surplus, a budget can help maximize investment capital by allocating regular portions to investment means such as retirement accounts, college education plans and personal investment accounts. http

Part II of using Calc Spreadsheet. Creating a basic Home budget worksheet. This video is part of the free course Learning Ubuntu Linux Basics available at learnubuntu.org

You asked for it and I am glad to share/help! I LOVE Excel!! I made this for our family a while back and now you can adjust it for yours too! I am allowing you to download it free from here: www.mediafire.com Please let me know if you have any questions!