money saving app guardian wealth logomoney saving app guardian wealth logomoney saving app guardian wealth logomoney saving app guardian wealth logo
  • Home
  • Plan
    • All-in-one
    • Budget Planning
    • Life Goals Planning
  • Save
  • Wellness
  • Wealth
  • Logout
  • Join Beta Test

How To Use Personal Monthly Budget

  • Home
  • Finance and Budget Worksheets
  • How To Use Personal Monthly Budget
circle
10 Personal Finance Tips to Achieve Financial Security in 2021
April 2, 2021
iStock
Calculating Your Wedding Budget or Cost
April 4, 2021
Published by admin on April 2, 2021
Categories
  • Finance and Budget Worksheets
Tags
apps net worth c default

 

HOW TO USE PERSONAL MONTHLY BUDGET

Calculate the income needed based on the following budgeted expenses

It’s no secret that one of the best ways to manage your finances is by having a personal monthly budget. You can also use this to calculate the income needed based on the following budgeted expenses, including groceries, transportation, utilities, health care and so on. However, the problem lies with drawing an effective budget that gives you the freedom that you need and at the same time helps you to meet your financial goals. That’s where our adaptive personal budget template in Google, Personal Budget Template in Excel, and a budget planner app comes in handy. We call it adaptive because you can tailor it to suit your financial needs.


 

ADVANTAGES OF PERSONAL BUDGET TEMPLATE

There are several advantages of a personal monthly budget template. These include:

  • It helps you to save money
  • Using a personal monthly budget template allows you to map out a perfect strategy to save money. Saving is a very difficult venture for most people. It is a dream we all have but lack the will and desire to accomplish. However, having a guide such as a personal monthly budget template is the first step in the right direction. Like a blueprint, it guides you every step of the way in your “saving” journey.

  • It helps you to develop financial discipline
  • To be able to save money, you require a lot of discipline. There is no way you can develop that discipline if you have no personal monthly budget template to guide you. It enables you to stay focused on achieving your set financial targets. Without a personal monthly budget template, becoming financially free will just be wishful thinking which would yield no results.

  • It prepares you for uncertainties
  • Life is full of uncertainties. Tragedy and accidents strike at a time we least expect. Worse still, is when you have not saved enough to cushion you during those trying times. With a personal budget template in Google sheets, you are assured of having enough money on hand for, at least, emergencies. This may not only save you some stress but may save you or your loved one’s life.

  • It enables you to keep track of your money
  • Have you ever been in a situation where you asked yourself where all your money went after it got finished? This normally happens when don’t keep track of your expenses. Our personal monthly budget template in Excel is designed to help you easily keep track of where your money goes and what it does. It also helps you calculate the income needed based on the following budgeted expenses, including groceries, transportation, utilities, health care and so on.You may find you need a side hustle to meet your financial goals. It has pie charts for both income and expenditure, helping you to identify how much you earn and which sector takes the most of your income. This way you can even curb some unnecessary expenses and save more money or divert it to more useful ventures.

 

FEATURES OF OUR PERSONAL BUDGET TEMPLATE

Our personal monthly budget template can be used in both Google Sheets and Excel. As mentioned earlier it has two pie charts; cumulative income and cumulative expenses. These pie charts break up all your sources of income and expenses into sectors and tell you which sector consumes most of your income. Then there is the bar chart which gives you an overview of your monthly income and expenditure helping you to keep an eye on your finances. You can also use this to calculate the income needed based on the following budgeted expenses, including groceries, transportation, utilities, health care and so on. Having a personal monthly budget template is the right step to achieving financial freedom.

If you want to achieve the financial freedom that you seek, we invite you to try out our personal monthly budget template today.

Share
0
admin
admin

Related posts

iStock

The man stands near the interface of the mobile application. User settings and customization of the social network account. Vector flat illustration.

April 4, 2021

Calculating Your Wedding Budget or Cost


Read more
apps net worth c default
April 2, 2021

How To Use Personal Monthly Budget


Read more
Budget planner

Vector illustration Online education or e-Learning concept. Online training courses, specialization, university studies. Vector illustration in flat style

March 26, 2021

How to Financially Plan for Major Life Milestones


Read more

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

sidebar

All-in-one Personal Finance & Wealth App|GuardianWealth

A personal finance app that make it easy for you and your community to build wealth in simple steps - helping you learn, budget, save and invest. Learn more.

Get Started

Recent Posts

  • 0
    10 Frugal Living Tips With Big Impact
    June 27, 2021
  • 0
    Financial Life Planning 101: How to Create a Financial Life Plan
    June 26, 2021
  • blog image0
    Envelope Budgeting: How to Manage Your Budget and Save Money
    June 17, 2021
  • iStock0
    How to Make Yourself Save More – Saving Circle
    June 16, 2021

Legal

  • Terms of Use
  • Privacy Policy
  • Form ADV Part 1
  • Form ADV Part 2A
  • Form CRS

Calculators

  • Investment calculator
  • Saving goal calculator
  • Early payoff loan calculator
  • Mortgage calculator
  • Budget worksheets
  • Fire Calculator

Our Solutions

  • Plan
  • Save
  • Wellness
  • Wealth

About Us

  • Our Mission
  • FAQs
  • Blog
  • Connect With Us
  • DEI
Investments in securities: Not FDIC Insured • No Bank Guarantee • May Lose Value. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Before investing, consider your investment objectives and GuardianWealth Inc's charges and expenses. GuardianWealth Inc's internet-based advisory services are designed to assist clients in achieving discrete financial goals. They are not intended to provide comprehensive tax advice or financial planning with respect to every aspect of a client's financial situation and do not incorporate specific investments that clients hold elsewhere. For more details, see our Form CRS, Form ADV Part II and other disclosures. Past performance does not guarantee future results, and the likelihood of investment outcomes are hypothetical in nature.