Community Explore user-generated content and stay updated on our latest product features.Help and Learning A comprehensive knowledge base, including articles, tutorials, videos, and other resources that cover a range of topics related to using Smartsheet.Content Center Articles and guides about project management, collaboration, automation, and other topics to help you make the most of the Smartsheet platform.It is important to be consistent and stay on top of your budget, it is the first step towards improving your personal finances. Now you know how to draw up a budget like a pro, and you’ve got the budget templates (tailored for South Africans) to do it. Repeat the budgeting process as often as necessary to stay on top of your budget.Try and make these transfers as soon as possible to ensure that your spending doesn’t affect the original amounts. After entering your income and your budget for your expenses, follow the “pay yourself first” rule, and allocate your savings.Use your banking app or statements to get an idea of how much you usually spend in each category. Now, you can continue to plan your budget for each of your expenses.Unlike the other budget template that compares planned and actual spending, this template allows you to plan your budget according to changes in your income or expenses month-over-month – so start by entering your income amounts next to the relevant category under the applicable month.For this template, we recommend renaming it by including the year in the name.Download the budget template using the link above.See if you can add it to your debt repayment to get out of debt faster □ Decide where you want to put your savings.Compare your planned and actual spending to see where you need to make adjustments and.Let the budget template do its magic and populate the actual amounts on the budget summary for you.Remember to add expenses under the expenses column and income under the income column. Open your banking app or use your statement to view all of your transactions for the month and enter each transaction’s date, amount, description, and category. Next, you can start recording your transactions. Repeat the same process for your planned income by editing the highlighted rows under the “Income” header. Under the header “Expenses”, edit the categories and planned totals to estimate your planned monthly budget for each. Then you can proceed to plan out your expenses.Try adding the name of the month to your copy of the spreadsheet. Next, we suggest renaming the spreadsheet.How to use the Simple Monthly Budget Template Now, let’s take a closer look at each of these monthly budget templates and how you can use them to draw up a budget for yourself or your family.ĭownload here: Personal Budgeting Template
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