You may not use these funds each month, but when the expense arises, you’ll be ready.īudget planning helps you get out of debt/reach your goals. A good budget plan will tell you exactly how much money you have each month to put aside for savings goals, investment goals, and paying off debt. You should plan to set aside a certain amount each month for home maintenance, car repair, medical expenses, etc. This helps you plan ahead for the months expenditures and prevents you from making rash purchases.īudgeting prepares you for emergencies. When done right, your budget will give you ample funds for all those expenses life throws at you. Here are just a few benefits of using a monthly budget planner or tracker:īudgeting ensures that you don’t overspend. Budgeting forces you to take a long look at your finances and make your income and your outgoing match. Whether you are in debt, living month-to-month, or just can’t seem to save and invest as much as you want, a budget planner can help take back control of your money. Knowing how much money you have coming in and where your money is going is an important step in achieving financial freedom. Taking a good look at your finances every month and making a plan for your money will help you reach you financial goals more quickly.īenefits of Using a Monthly Budget Planner Create a Budget Planner Books with multiple items for your needs. Note the choice of both digital and printable templates for paper planners and notepads. ![]() ![]() According to this method, your monthly take-home income is divided into three categories: 50 for needs, 30 for wants and 20 for savings and debt repayment. Please click here for more information about cookies collected and our privacy policy **. Budget Planners for all occasions, from bill trackers and finance calendar templates to monthly budget overview worksheets and upcoming expenses checklists. A good personal monthly budget template should follow the 50/30/20 rule. If you make a purchase using one of these links, I may earn a commission. All the Vertex42 budget templates can be downloaded for personal use and no charge. ![]() ** This website contains affiliate links.
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