![]() ![]() Our budget is based directly off of these templates and we have used them for years in order to control our spending, show us were our money is going, and to give us timely information about the state of our finances. When you are working to get your finances on track, it can be helpful to see an example of a budget. We have two basic templates that you can use to create your own budget. Below the video we also have links to a template that you can use to create your own budget. This template is a perfect example of how to utilize retirement money on traveling. So some people choose to live a life that is a bit more adventurous and travel on budget money. In the quick tutorial below you will see how we created our budget in Google Sheets and learn how to create your own. Retirement leaves people with saved money and lots of time to either spend with their family or to travel. To complete our budget, we use Google Sheets. To begin with, we break our expenses down into two basic sections, wants and needs.ĭepending on your situation, you may need to edit your needs and wants, but we break them down into the following categories:īy keeping each of these areas in our budget, we are able to track our spending and determine if we really need something or if we want it. To get more specific with our budget we need to examine our costs each month. Some items, like our mortgage, or fixed, but others change depending on the month. Our expenses, costs, are what change on a month to month basis. If your income is not as predictable, we would recommend that you update your budget often to better track your income and try to find an average monthly income. We know what we are going to earn each month, and we can plan very far in advance because of this. Compare projected costs with actual costs to hone your budgeting skills over time. ![]() Input your costs and income, and any difference is calculated automatically so you can avoid shortfalls or make plans for any projected surpluses. For us, we have two general areas that we use as our starting point, income and expenses. This Excel template can help you track your monthly budget by income and expenses. Once you have your general areas, you can begin to get more specific with each of the areas. When you are looking to start a budget you really want to break down your areas of concern as simply as possible. You will also find links to our budget and downloads if you prefer a different version. Below you will find resources to help you start your own budget along with a tutorial on how we setup our budget. ![]() We use Google Sheets to help us keep our budget in order and with us at all times. You can easily change the categories as needed. Our budget is fluid, flexible, and works for us. To get started, you can use my free personal budget spreadsheet template in Excel or Google Sheets to track your income and expenses using a common set of budget categories. ![]()
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