Sample Simple Budget to Plan Your Financial Life
Sample simple budget is a template that is ideal to use by a beginner in budget planning, for things related to your spending activities. It contains several columns to track your income and expenses, including taxes, regular bills, irregular expenditure, and a summary of your financial uses. You may find the planner in printable form or editable in software form.
Why You Should Use the Simple Budget Form
If you don’t have any experience yet in planning your finance, it is very convenient to use the sample simple budget. The easy to use document would help you track your expenses, resulting in better control of money, in order to save some. You could also write down your total income and planning of what you’re going to spend it on.
Simply download the forms, in which they already designed with the proper layout so you don’t have to create them yourself. There are also many options to choose from, so you are able to use the one that fits your needs easily.
Benefits of Using Budget Form
There are some advantages of using a sample simple budget, which you can read in the following:
- It makes budgeting easier
A lot of people find planning their budget is a complicated task so they prefer not to do it. You don’t have to be excellent in mathematics to create and maintain proper budgeting. All you need to have is a simple formula of summing and take off the money from your income to your expenses. In case the result is negative, then you know it’s time to cut back on some expenses and begin to take more control of what you can or cannot spend on.
- It allows you to save some money
It is easy to come up with excuses on how you could not just save some money aside monthly. The savings account is often forgotten and not being taken care of. Set yourself straight on budgeting by planning on your financial life, write how much of your paycheck that you want to deposit into the savings or the percentage of it.
- It makes sure you pay your bills on time
Paying bills on time sounds easy to say, but it is harder to do. Along with the interest rates, they could take up a big portion of your budget every month. By paying them late, your credit score could be lowered, and affect future approval for property mortgages, car loans, and so on. To avoid this issue, set the due date of your bills so you won’t have to make an effort to remember them. It could act as a great bill reminder and tool for managing your account.
- It gives ideas of how much your spending actually is
Cent by cent may add up to be spent on a regular basis without even going noticed by you. To easily determine how much money you bring and the balance between how much you spend, the budget form would be helpful to get a visualization of it.
Aside from personal purposes, small to medium size businesses may be benefitted by using the sample simple budget. Just choose a suitable form, for the monthly or weekly period. You may also edit and add some details to the form if necessary.