BUDGETING SPREADSHEET:
Two sections are required.
Incoming money and outgoing money.
For a spreadsheet in book form Or microsoft excel.
INCOMING --list salary. List any other payment that is a direct payment from your employer. eg. child support, superannuation, taxation.
OUTGOING-- list across the top of page. eg. savings, electricity, gas, home loan, rent, rates, car loan, credit card, petrol, car registration, insurances (life, medical,car, home contents) food,clothing, bank charges, entertainment.
Just some expenses, you may have many more headings or different headings.
Microsoft Excel has advantages you can set up automatic adding or subtracting.
From the date you have decided to start go over all bank statements and old bills and fill in the columns.
Section each month and do a sub total of each month.
Once setup it's only takes half an hour a week to continue and you may be very surprised to learn where your money is really going.
You may decide to adjust your lifestyle, you can make real changes towards a healthy financial situation.
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