3/15/2023 0 Comments Diy budget planner![]() For non-monthly or variable expenses, like Christmas gifts, auto registration, car insurance, or annual subscriptions, divide your estimate by the number of months it takes for that cost to recur so that you can contribute manageable chunks on a monthly basis instead of choking on the whole cost when it comes up. Monthly expenses like rent, cell phone bill, electricity, student loan payments, health insurance, etc. Your budget plan is going to evolve as you journey down the path of financial enlightenment. Don’t get bogged down in this as you’re getting set up the first time-guessing is just fine. Step One: How Much Do You Need?įirst, you need to come up with an estimate of how much each of those expenses will cost. Here’s an example of YNAB’s fully customizable budget template. Once you’ve listed your different category groups and the categories that fall under each one, create two additional columns: label one column “Assigned” and the other “Available.” The rest of this process will be easier to set up and maintain on a budget spreadsheet, or even easier, in YNAB. Potential expenses to include as categories when you create a budget template. ![]() It can be a budget app (ahem, YNAB), Excel spreadsheet or Google Sheets, or…a brand new notebook…whatever works best for you. Then add a category at the bottom for “Stuff I forgot to budget for” because let’s be realistic, there’s always stuff like that. Choose your budgeting tool of choice.
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