How do I know how much to budget for each category? Then I use the chart to record our purchases and keep a running balance of what we’ve spent so that I always know how much we have left in our budget for the month. At the top I can list the category and amount of money we’ve budgeted for it. I created a tracking sheet (kind of like a checkbook register) and printed one out for each category. Everyone needs a little splurge every once in a while!) Fun money (You may want to give each member of your household a little bit of guilt-free fun money each month so they don’t get burnt out with being so strict about the budget.Some of our Budget Binder categories for tracking our expenses include: This can be as simple or as detailed as you want, but everything you buy during the month needs to fit into one of your categories. We break down our purchases into categories and budget a certain amount of money for each category. Monthly ExpensesĪfter the recurring expenses were taken care of, I needed a way to keep track of any purchases we make throughout the month. The small boxes on the right half of the page have the initials of each month at the top when a bill is paid, I can just check the box to keep track and I know I’m good for another month. You can also also use your bank statements to fill in the amount of each recurring bill (if it varies slightly each month, I usually write down what it is when the bill is on the higher end) and the day of the month it comes out of the account. If you don’t already have a list of your recurring payments, look back over your last few months of bank statements (most banks provide them online these days!) and write down each bill that you pay on a recurring basis. What if I don’t know what recurring payments I have?
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