How to Create a Simple Monthly Budget Template

Creating a monthly budget can seem overwhelming, but with the right approach, it's easier than you think. The first step is to estimate the cost of each expense. Don't worry too much about getting it perfect - just make an educated guess.

To get started, choose your budgeting tool - whether it's a budget app like YNAB, Excel spreadsheet, Google Sheets, or even a notebook. You can also use a combination of these tools to suit your needs.

Here are the key categories you'll need to include in your budget template:

* Monthly income (use your take-home pay)

* Fixed expenses such as rent/mortgage, utilities, and groceries

* Variable expenses like entertainment, travel, and hobbies

* Savings goals

* Debt repayment

You may also want to add a category for 'Stuff I forgot to budget for' - because let's face it, there will always be unexpected expenses.

To create your budget template, you'll need to make a list of the following things:

* Your monthly income

* Fixed expenses

* Variable expenses

* Savings goals

* Debt repayment

Once you have this information, you can start filling in your budget template. Remember to prioritize your spending and make sure you're allocating enough money towards savings and debt repayment.

Don't get discouraged if it takes a few tries to get your budget right. The key is to create a system that works for you and stick to it. With time and practice, creating a monthly budget will become second nature.

Simple Monthly Budget Template

| Category | Assigned | Available |

| --- | --- | --- |

| Income | | |

| Fixed Expenses | | |

| Variable Expenses | | |

| Savings Goals | | |

| Debt Repayment | | |

By following these steps and using a simple template, you can create a budget that works for you and helps you achieve your financial goals.

Simple monthly budget template