When was the last time you tried to make a budget and stick to it? How long did your budget last? Do you call it a budget or a spending plan? How can you plan a budget if your income changes from month to month? This applies to me as I am self employed and don’t know how much money I will make each month until the end of the month.
So what I do is calculate my income and expenses after each month and get an idea of how much I should be spending on certain items and see other areas where I should try and cut back to lower my expenses. They key is creating a personal budget you can live with. Yes you can even include spending for fun stuff and entertainment. You cannot cut off everything you like in your life because that will make it harder to stick to a budget.
But there are merits to having a budget and there are plenty of resources for free budget worksheets. Below are some links to the best free budget worksheets from Dave Ramsey of the Total Money Makeover and Gail Vaz-Oxlade of Til Debt Do Us Part fame plus another site that offers free printable budgeting worksheets.
You don’t need a bunch of different places to look as they are all pretty much the same.
Here are Dave Ramsey budget spreadsheets:
Dave has a Quickie Budget, a Monthly Cash Flow Planning worksheet and a Irregular Income Budget which is for self employed people like me where your income fluctuates from month to month.
Here is the Til Debt Do Us Part budget binder:
Gail has her most requested articles along with several interactive worksheets that can help you manage your finances better such as her interactive budget worksheet and her own up to your debt worksheet which will show you how fast you can pay off your debts in 12, 24 and 36 months based off your monthly payment and their interest rates.
And one more free printable budget worksheets:
You can use these templates for personal budget planning. These free budget worksheets will allow you to see how much you can allocate to your debt management plan each month and see how quickly you can become debt free. You will be able to see areas where you are overspending when you think you are underspending and vice versa. Take a few moments to print or fill one out and see how much you are taking in compared to how much you are spending and see where you can cut back and use that to pay off your debts faster.