![]() Between getting lunches at work, going out to dinner together for dates or as a family, or getting pizza or takeout on evenings when neither of us feel like cooking, we have a tendency to blow through our dining out budget every month. We use this monthly check-in to make sure we are on the same page and to increase or decrease any spending categories that might need it.įor instance, we tend to overspend in the dining out category every month. With the help of my husband, who uses Excel a great deal for work, I have set up the following spreadsheet to track our family’s income, savings, investments, and expenses:ĭuring the first week of each month, I print off the previous month’s page so that my husband and I can look over and discuss our finances. So without further ado, here is a breakdown of the system I use.Įditor’s note: even with all of the cool budgeting tools available today, the vast majority of my Masters of Money guests use(d) some type of modified Excel spreadsheet to track expenses or budget ( just like I did). I mentioned to PT on our podcast conversation that I have an Excel spreadsheet that I use to keep tabs on every penny that passes through our family’s coffers, and he suggested I explain my system. So, it should come as no surprise that the detail-oriented piggy-bank counter has grown up to use a pretty complex system for keeping track of my household budget. As a small child, I used to empty my piggy bank, count everything that was inside, and put it all back in, feeling pretty good about my net worth as an 8-year-old. So let set our saving priorities today by downloading weekly budget template.I have long been a money nerd. Also weekly or bi-weekly review of expenditure and income saves us from the end of the month stress due over spending. A weekly check on the income and expenses helps us in prioritizing our needs from our wants, it also helps to keep our finances on track.Weekly planning and monitoring the budget helps us to identify and curb out unnecessary expenses and reach our financial goals. Saving for a rainy day is very important as unexpected circumstances and expenses can arise uninformed. Savings for unexpected expenses: Weekly budget monitoring helps in saving for expected and unexpected emergency costs. ![]()
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