How Do You Set Up A Personal Home Budget Plan?
Calculating the monthly personal home budget can be time-consuming and frustrating, but it can help you see just where your money goes every month. Whether you are employed or unemployed, you need a budget to make sure that you have money to pay everything that needs to be paid and still have money for groceries, entertainment, clothing and unexpected expenses. However, you need to set up a personal home budget correctly for it to work. Track your expenses for an entire month. Write down every penny that you spend and what you spend it on. Use a spreadsheet to do this so that you can compare the spreadsheet to the monthly budget that you will construct in the second month. At the end of the month, look over the spreadsheet and note whether you have any money left over. Set up a spreadsheet starting with monthly income. Use four columns with heading to include type, planned, actual and difference. For instance, salary, child support and alimony should be included under type. The planned
