New (1/30/12): The Excel workbook now contains a landscape version that allows you to include more categories. This is a simple Excel spreadsheet that was used to create both of the printable versions shown above. Money Dials could include things like fitness, convenience, luxury items, travel, self-improvement , and social status. Download the Money Manager for Kids spreadsheet if you want to customize it or keep an electronic record. By honing in on your Money Dials-the things you really love to spend on-you can prioritize your spending in a way that makes sense for you. To open Excel on a Mac, click on Excel in the dock. Click on the first template option, Blank Workbook, to open a new Excel spreadsheet. You will see a page with your recent files listed on the left and template options for new documents on the right. Following this logic, you categorize your expenses into essential fixed costs, important investments, savings goals, and-last but not least-guilt-free spending.īy allocating space in your budget for the fun stuff (minus the guilt), you’re more likely to stick to that budget in the first place. Then click on the Microsoft Excel tile to open Excel. Instead, consider trying a conscious spending plan. The truth is that living a life of constantly telling yourself “no” isn’t sustainable (or enjoyable). Many people assume that effective money management means scrounging, saving, and never enjoying life. You might also have smaller, more short-term goals, like saving for your dream wedding or buying a luxury car. Smart money management can help you achieve those objectives. You likely have some financial goals in your life, whether it’s improving your net worth, paying off your college student loans, or achieving FIRE (financial independence, retire early). But without planning for expenses, a big income can lead to big debt. But it doesn’t have to be! I spoke with a couple in episode 114 of my podcast who overspent on holidays because their earnings combined were a lot. Empower Personal Dashboard: Best Budgeting App For Investors. The entire point of these tools is to simplify money management so you can think about your money less, not more.įor many people, budgeting and planning for big expenses like vacations are a struggle. YNAB (You Need A Budget): Best Budgeting App For Achieving Financial Goals. Simplified spreadsheets help develop your plan, and budgeting apps, like those that automate expense tracking, help you stick to it. Finally, you need to stick to your plan.īudgeting spreadsheets and tools are great resources for creating a conscious spending plan. You then need to decide how much money to allocate to each bucket. You need to start with a bullet-proof budget, categorizing all of your expenses into one of these four buckets: fixed costs, investments, savings, and guilt-free spending. Conscious spending is a great way to enjoy life while still building a financially secure future. The Checkbook Account Tracker Spreadsheet can track up to 12 accounts including checking accounts, credit card accounts, savings accounts and other financial bank accounts.
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