Every day we seem to be reminded of how important it is to budget, and adhere to our budget goals. Budgeting is particularly useful when you want to purchase a home. It is never too late to start budgeting. Setting a budget can relieve stress because you know how much money you have, and exactly where your money is going to go. The summer is a great time to re-evaluate your spending habits because of rising electric bills due to using the air conditioner more frequently. Here are some tips on how to create a budget binder to stay organized.
Get a binder – You can find an affordable binder at any store. This will help you stay organized. You can create your own sections in the binder, or you can purchase a budget binder already made. Should you choose to create your own binder, there are several free printable on the internet that are just a google search away.
Monthly calendar – This will be one of the most important parts of the binder – you will keep your bills on track.
Debt tracking sheet – List all of your debts that have a monthly balance and keep track of how much the totals are going down monthly.
Total income and expense worksheet - Track your yearly financial goals here and make sure you are on track.
Make it your own – This is your budget binder; personalize it to your liking and what works for you.