Why You Need A Personal Budget Spreadsheet

If you don't keep track of your money, it is likely you are going to have problems with it. Of course, if you are rich beyond your wildest dreams this may not be an issue. However if that were the case I doubt you'd be reading this article. The vast majority of average citizens should have a personal budget spreadsheet, the easiest way to keep track of personal and household finances. You can use Excel, or even Google Documents spreadsheet which is a handy online version that can be accessed from any computer.

There are home budget spreadsheet templates you might want to download to make things easier. These templates are already filled in with the various categories (which you can edit to suit your needs) and ready to do the calculations with only a click of the mouse. It's a good idea to print each month's budget as well as a spreadsheet filled in with actual amounts, so you can see how close you were to your budget. It's great if you went under, although many people end up going over their budget and spending more than they have.

You can keep weekly records or go for a monthly budget spreadsheet which gives you a look at the entire month. This is the most common method as many people tally up their income and expenses by the month to make things easier. If you know that something special is coming up, like a holiday or birthday, or something necessary like taxes, you can change the budget for one or more months to accommodate these expenses. This might mean giving yourself less spending money for awhile or reducing your grocery bill.

How to create a personal budget spreadsheet is something that should be taught as early as the pre-teen and teen years. While some schools do touch on the subject of money management parents can help also by showing teens how to keep track of their money. This can be used for their allowance, and of course when they get their first job. Through this type of spreadsheet system teens can see how much they are making, how much they are spending and learn how to set and reach financial goals. The earlier good money management techniques are taught, the more likely they will become second nature.

 


 

Money Management News:

 

Board approves preliminary budget, School Lane charter high school - phillyBurbs.com

PennLive.com
Board approves preliminary budget, School Lane charter high school
phillyBurbs.com
Bensalem's school board on Wednesday unanimously approved a preliminary $123.6 million budget for 2012-13 that includes a tax increase of about $89 for the average property owner. Under the preliminary 2012-13 budget, the tax millage rate would .
Derry Township school board passes $53.9 million preliminary budgetPennLive.com

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DN Editorial: School budget: Sky falls again - Philadelphia Inquirer

CBS Local
DN Editorial: School budget: Sky falls again
Philadelphia Inquirer
AFTER YEARS, if not decades, of school budget crises, you'd think there would be no more sky to fall, but last week the School Reform Commission found a big piece of very cloudy sky that will do further damage to the ongoing struggles of the district: .
Controller: School District Must Explain Financials. NowPatch.com

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Obama Said to Be Readying Corporate Tax Overhaul With 2013 Budget Release - Bloomberg

Bloomberg
Obama Said to Be Readying Corporate Tax Overhaul With 2013 Budget Release
Bloomberg
The proposal will be released at about the same time as the administration's fiscal 2013 budget plan, which is scheduled to be sent to Congress on Feb. 13. The administration isn't releasing details of the comprehensive proposal, such as whether it .
Far too longHuman Events
The State of the Union is . dividedPoughkeepsie Journal

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Promotions unpopular for California firefighters earning overtime
Some of California's rank-and-file firefighters earn so much money in overtime that the state has revived pay bonuses worth thousands of dollars to lure them into management...


Senate budget chief Alexander holds emotional meeting with prison workers - Palm Beach Post

ABC Action News
Senate budget chief Alexander holds emotional meeting with prison workers
Palm Beach Post
by Dara Kam | January 25th, 2012 As promised, Senate budget chief JD Alexander met with more than two dozen prison workers who'd traveled to the Capitol to protest a prison privatization bill approved by his committee late Wednesday afternoon.
Prison privatization, closuresTallahassee Democrat (blog)

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RBC Global Asset Management Inc. Announces Changes to RBC Private Pools
RBC Global Asset Management Inc. Announces Changes to RBC Private Pools..


 

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