Are you tired of overspending on groceries every month? Do you constantly go over your budget and struggle to make ends meet? If so, you’re not alone. Many people struggle with budgeting for groceries, but with some simple tips and tricks, you can learn how to save money and stay within your budget. One of …
Where can you get a free 50/30/20 budget spreadsheet template? Download a free 50/30/20 budget template to track how you’re spending should be allocated through the week, month or year with the flexible Google Sheet. What is the 50/30/20 rule when it comes to budgeting? The 50/30/20 rule is a simple budgeting method that allocates …
To my knowledge, geneticists haven’t found the budgeting gene in our DNA. When I first started doing a budget I found it incredibly difficult and thought that people doing budgets must have been born to do this type of stuff! Thankfully, through continued persistence and a dogged determination to try and get better at forecasting …
When doing a regular monthly, weekly or fortnightly budget it can be difficult to remember expenses that come in quarterly or annual cycles, and because of this there have been times when I’ve done my monthly budget and completely forgotten about an annual expense. Irregular expenses are costs that change either by time, or by …
When I started creating budgets, I used a simple technique to help cast a new monthly budget: I applied what happened last month and used the same figures for the next month! This was a very lazy approach to forecasting, and soon I discovered that some expenses changed depending on the season. Seasonal expenses or …
When it comes to managing your finances, there are two concepts that you should know about: budgeting and forecasting. Forecasting is the ability to predict how your money will be spent in a certain future period, whereas budgeting, is the process of managing your money according to what has been forecast in a budget. What …