You can make a table out of it, showing how your money flows. In relation to the first step, you need to be mindful of your expense flow. That is why we need to be mindful of our priorities like spending it for our basic needs, taxes, loans, rent and etc. It is our common mistake that we tend to spend our income, without even thinking about the possible expenses that we may encounter in the future. First, you need to know how much money is flowing. This is the most important part of making your own budget plan. Finally, adjust your budget with the applicable categories and amounts as you go along to make your personal budget as realistic and as accurate as possible.5 Steps on How to Make Your Own Budget Plan Step 1: Know your income.Then you can go about inserting your figures, taking care to ensure that your sum and subtraction formulas include the correct cells and work correctly.Do include three primary columns: anticipated expenses, actual expenses, and a column that automatically calculates the differences between the two.For example, you can insert the relevant months to create a monthly budget template to track income and expenses from January right through to December. It’s also a good idea to specify a timeframe for your budget spreadsheet so that you don’t miss the mark regarding planned spending.
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