Most people wring a business plan template especially those involved in Youwin.or.ng. I did a further research online and found what most people ask on forums concerning business plan template and feasibility study. We wrote a previous article on THE BEST TEN FREE BUDGET PLANNER TEMPLATES & SPREADSHEETS SAMPLES.
THE
BEST TEN FREE BUDGET PLANNER TEMPLATES & SPREADSHEETS SAMPLES - See
more at:
http://martinslibrary.blogspot.com/2014/05/the-best-ten-free-budget-planner.html#sthash.qk3ssD05.dpuf
Here are some of the comments..........
I am about to the point of quitting when it comes to budget templates. I
have tried about ALL of the online budgeting planners (including YNAB
which I paid $60 for) and many of the pre-made templates at MS. The
problem is that I need a user friendly weekly budget template. None of
the online programs offer this. I have income coming in every week
because my husband and I are each paid bi-weekly but on alternating
weeks. I have just been using a chart in Word to do my budget because
I’m not knowledgeable enough in Excel to make my own spreadsheet. Any
suggestions for me would be so helpful.
I never could find a budget that did everything I needed it to do. So I basically made my own using Excel. Everything I have in my budget is on one sheet along with frequency
and when each bill is due. This sheet calculates some expenses that are
shared with my roomate and shows exactly how much out of each paycheck
needs to be deposited into my budget account. The other sheet is a daily balance/expense tracker (one row per day –
I’m up to like 1700 rows now). The estimated dates for my expenses and
deposits from the budget sheet are automatically filled in. This lets
me see what my projected balance will be for any given day. It also
shows me what my minimum projected balance will be going far into the
future. I just added enough $$ in the begining to give myself a $300
margin.
Now I don’t have to worry about being able to pay any bill that comes in. I know that there will be enough in the account to cover everything in my budget. (even if the mortgage, car insurance, ect. hits on the same day – I know I’m covered). Since I don’t have to worry about having a bill come out of my account as soon as it is due, I can have them all come out automatically. I think I have a single check I have to send in for term life insurance once a year. Everything else is automatic. I love my budget, it frees me from worry. Budgets are indeed sexy.
Now I don’t have to worry about being able to pay any bill that comes in. I know that there will be enough in the account to cover everything in my budget. (even if the mortgage, car insurance, ect. hits on the same day – I know I’m covered). Since I don’t have to worry about having a bill come out of my account as soon as it is due, I can have them all come out automatically. I think I have a single check I have to send in for term life insurance once a year. Everything else is automatic. I love my budget, it frees me from worry. Budgets are indeed sexy.
These are some responses given to them by some professionals
RE: “total expenditures by category” – Do you mean
the left columns in the “paycheck” areas? If so, that’s just all the
expenses you incur for that period (or that you alott for that period)
which your paycheck will be covering. For example if you pay rent and
your cell bill with your first paycheck, then you’d list it in that
section and budget it with whatever money you have for that period –
make sense?
RE: “is putting money away into savings considered a category”
– It could be! But it’s whatever you prefer :) I don’t automate any of
my savings so I never know what that “expense” would be, so I don’t
personally include it myself there. I use the “savings funds” area as
side pockets where my money is.. For example, cash I have in my safe for
emergencies, money set aside for birthday gifts I’ve gotten, etc.
Sometimes I even use that area for the amount of money in my wallet when
I run my Net Worth updates so that everything’s accounted for. It’s
really there to be used however makes sense to you :)
RE: “Why split a month into two paycheck budgets unless one is truly using the cash method?”
– Because for me I really enjoyed budgeting that way. I liked evening
my money out throughout the month (ie splitting bills and savings/etc
per paycheck) instead of paying large chunks all at once like most
budgets incorporate. It just made sense to me and kept me going, so I
figured I’d share it with others in case it does the same for them too
:) Plus, it’s nice and colorful which I love.
RE: Is the credit card section of your template only for
calculating networth because I would not want to count transactions
twice?” – Yes, for both net worth tracking, but also so that
YOU know how much each card’s balance is so you can track it over time
and hopefully watch it go down. But again, anything in this budget can
be modified and used however it is that makes sense with your style. You
can download the spreadsheet and tweak it to your liking – it’s
currently set up for what works for me :)
This is the comment that followed.....
RE: “total expenditures by category” Yes, we are talking about the
same section. For your readers, that is the section BUDGET: CHECK #1 or
#2 where you have “Category #1” through #6. I am on the same page as
your response, but I guess I am considering a more cumbersome scenario.
Say, I have 11 visits to the grocery store and say during two of those
visits I purchase non-grocery items, like a household cleaners. So, I
have to split transactions for sure, but what method do you use to sift
through and tally up those 11 transactions? After trying various
programs throughout the years (i.e. MS Money, Mint.com, spreadsheets), I
realize it’s all just a fancy spreadsheet, and I know you use
spreadsheets, but still, there has got to be a method to the madness to
find the total category sum. What is your method? I am one of those people who pays down credit card each month. I
think of it like cash, except I additionally stick it to The Man by
using his money on my time without accruing interest. So, I have no
need to watch my c/c draw down. I only care about the transactions.
Contrary to your suggestion, I pay as late as possible, but I accept the
risks associated with that.
RE: “is putting money away into savings considered a category”
According to Rich Dad, we should pay ourselves first, which means to
always put away the same savings each month and just deal with expenses
with what is left over. If that means paying late fees, so be it to
punish oneself; however, I do not go that far and instead actually pull
out of savings to pay down c/c every month if need be. However, now
that I have a bit more income, I gave myself a rule that whatever
financial punishment I incur (i.e. late fee or c/c interest), I donate
the same amount to an independent artist of my choice who has PayPal set
up to accept donations.
RE: “Why split a month into two paycheck budgets unless one is truly
using the cash method?” I’m following you, and I support your
perspective. I look at cash flow like a river, and I consider monthly
reports to be just snapshots in time, which unfortunately do not easily
illustrate the Z axis, time. So, splitting into months is an arbitrary,
not to mention an inconsistent, length of time, and therefore so is
splitting it down further to 15/16 (sometimes 14) day increments. I’ve
consider not dividing down further than a quarter year, but I’m still
working on that.
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