Budget spreadsheet is a basic practical tool to manage budget and thereby investments. This can be used to manage money for any required purpose. Whether it is personal budget, family budget, household budget or home budget one can learn and manage to maintain budget using a budget spreadsheet. A budget spreadsheet makes it easy to manage income and expenses. It helps one reduce the cost and gain benefits from ones investments.

Although many people find it difficult to understand budget spreadsheet, yet it is better to understand what a budget spreadsheet is in order to avoid future debts or losses. It is better to do some maths instead of loosing valuable money. A basic simple spreadsheet enables you to keep track of your budget. It enables you to know exactly how much you are spending off your budget and where all the expenses are made. It helps you to manage time as well. You end up paying your bills on time, your debt payments are ensured to be paid and you can track on your savings and investments as well.

A budget spreadsheet enables you to manage your investments in an efficient way with a steady cash flow coming in every month. The key is how closely do you stick to your budget. If you work according to your budget spreadsheet then there are minimal chances that you end up in investments havoc. A budget spreadsheet makes you the master of managing your finances in an efficient way.

There are a wide variety of budget spreadsheets available, online and others as well. While choosing a budget spreadsheet you must consider many aspects so that you are able to maintain a steady check on the financial situation of your investments.

• Look out for a budget spreadsheet that enables you to calculate your expenses against your income.
• Either choose between different budget spreadsheets like; personal budget spreadsheet or monthly budget spreadsheet or choose that would accommodate more things in a single spreadsheet.
• Choose a spreadsheet that enables you to keep track of your spending, income, investments and savings as well.

After analysing what you require from your budget spreadsheet then it becomes much more easier for you to choose the right one. Budget spreadsheet is regarded as the main tool for financial planning and tracking income and expenses. The increased importance of budget spreadsheet has lead to an increased amount and types of budget spreadsheets that are available nowadays in the markets and online. Each one of them is unique in its own way as every one of them has its own way to present the same information. Information regarding, your financial situation, your savings, your income, expenses and investments.

If you want to manage your money the proper way and if you want to know whether what your spending is worth enough or not. Whether you are spending within your income or incurring debts because of your spending habits. You can manage all of your debt problems and other financial issue while using a budget spreadsheet. It is a very basic tool used by every household nowadays to keep track of their budgets.

A free budget planner is required in a situation where you want to have more control over your finances by making some financial decisions on your own that would benefit your budget management. When you realize the fact that you have cash in your bank account and don’t know what to do with it and the next thing you know is that you are in debt, it can be very traumatizing. But to avoid such bad-budget situation one should keep an account of their financial situation and should stick to planning a budget that is set to meet their requirements and needs according to their current finances.

A free budget planner would help you to manage your finances. A free budget planner helps you to choose between different budget options like; how to manage debt, how much rent you can pay for a house, what budget is to be put aside to meet other family expenses, how much to spend on basic needs and how much to spend on luxury items. There are a number of free budget planners available for this purpose and it depends upon an individual what is his choice is; the free budget planner that he feels comfortable with. Try to choose a free budget planner that is basic, simple and easy to use and at the same time capable of fulfilling your finances requirements as well.

A free budget planner helps you to take your personal finances a step further. You can create your household budget plan very easily and efficiently without wasting any time. With a free budget planner, you can set your goals and targets and track your spending as well. The most obviously important thing is that free budget planners don’t cost you anything at all as they are free.

While using a free budget planner you can plan your monthly budget according to your current finances. You can keep track of your spending habits and can ensure that whether you are sticking to your planned budget or not. You can decide your money saving options while using a free budget planner.

A free budget planner does not require your personal or credit card details like credit card number or bank account number. It is not connected to your personal financial information at all. A free budget planner helps you to grow your finances in a positive way. With a free budget planner, you are aware of your spending habits and you are also aware of your financial situation. You are aware of the fact that what your budget is and what is the spending criteria that you should be sticking to. It becomes much more easier to manage your finances (by a free budget planner) without being getting yourself caught in financial crisis due to mismanagement of budget.

A free budget planner offers you the opportunity to allocate a specified or fixed amount of your budget each month that you would be saving. You can get rid of loans and debts if you manage your finances properly. Hence, overall the free budget planner not only give you a better picture of your current financial situation, it also manages your spending habits, incoming incomes and earnings, and savings as well.

Whenever I think of the stock market and basically any investment, the picture that comes to my mind is a house of cards. I know you probably think I am being very negative. But the simple fact remains, we can plan all we want using stock markets and other financial investments, but we will still be at the mercy of powers beyond our control. This is why managing my own personal money has become so important to me.

My personal finances are something that I can control and understanding the importance of personal finance management has helped me plan for the future. Even though I still think the stock market, etc. is a house of cards, getting a grip on my personal finances has helped me to diversify my investments so if some of my investments don’t do well, I have a good chance of making up that loss in other areas of my portfolio. Prior to learning how to manage my personal finances, I would not have been able to plan for my future with any success at all. This is why understanding the importance of personal finance is so crucial; it helps you see the bigger picture.

How to Plan

If you are struggling to get from paycheck to paycheck, you probably are not living within your means. If you are spending more than you are bringing in, you will never be able to get ahead and plan for retirement, vacations, college education, etc. But I have good news for you! If you are in the position of living paycheck to paycheck, there is nowhere to go from there but up.

Learning how to manage your finances will help you get out of constant crisis mode and into planning mode. For example, imagine putting aside money every single month for car maintenance. This way when you have a car repair, the money is already in the car maintenance fund. Can you imagine the freedom and power you will feel when you do not have to scramble to come up with money for an unexpected car repair bill?

I have budget categories for every single thing that we spend money on including, hair cuts, house maintenance, vitamins, music lessons, school supplies, clothing, etc. If you do not know what you spend your money on simply start a list. For one week keep track of all your spending.

This will give you a good starting point for compiling your budget categories. Once you have your budget categories, you need to keep track of your expenses in each category. This will be an ongoing task for one month. After the month is over you will be able to see what you are spending for each budget category. At this time you can sit down and write out your budget using your expense tracking sheet. This will probably be a real eye opener for you. It is usually at this time when you realize you are overspending in certain categories; entertainment being the main budget buster for most people. At this time you will really start to understand the importance of personal finance management.

Sticking to the Plan

The best way I know to stick to your budget plan is to use finance personal software. This is available for PCs and there is also Mac personal finance software as well. We knew the importance of personal finance management; however, until we started using software, we were unable to stick to our budget plan. The software will help you easily see where you are spending money and how much money you have left in a budget category.

Creating a budget plan is a great first step in gaining control over your personal finances. Sticking to the budget is trickier, but over time, as you sense the freedom a budget truly gives you and it will become a way of life.