Things You'll Need:
- Computer (internet ready)
- Budget software or excel spreadsheet program
- paper
- printer
- calculator
- Earnings and Expenditures
-
Step 1
Find a Template. Download a Budget Planning template online or create your own financial spreadsheet using Microsoft Excel.
-
Step 2
Pick your Schedule. Set up your spreadsheet according to your budget earnings and payments schedule to promote good financial planning.
-
Step 3
Design your Layout. Utilize your spreadsheet rows for planning income and expense categories and your columns for budget amounts and goals.
-
Step 4
List your Earnings and Expenses. Write down all forms of budget income and payable types for expense planning on blank paper before organizing on your spreadsheet.
-
Step 5
Categorize. Develop accounting categories for your income and expenses starting with earnings at the top and followed by highest priority fixed payable expenses.
-
Step 6
Estimate your budget amounts. Use two budget columns at the top of your spreadsheet to record Planning Projections and Actual Income and Expenditures.
-
Step 7
Balance and Adjust. Subtract your projected expenditures from your estimated earnings and adjust until you achieve your budget planning goals.
-
Step 8
Put into practice. Incorporate your spreadsheet for budget planning with actual figures using your projections as a guide and continuing to adjust and balance on a continual basis.
