Money Dials could include things like fitness, convenience, luxury items, travel, self-improvement , and social status. By honing in on your Money Dials-the things you really love to spend on-you can prioritize your spending in a way that makes sense for you. Following this logic, you categorize your expenses into essential fixed costs, important investments, savings goals, and-last but not least-guilt-free spending.īy allocating space in your budget for the fun stuff (minus the guilt), you’re more likely to stick to that budget in the first place. Instead, consider trying a conscious spending plan. The truth is that living a life of constantly telling yourself “no” isn’t sustainable (or enjoyable). The family budget template can be really helpful in planning major life events beforehand. It can also work as a yearly planner and allow you to see the bigger picture. It will help you keep track of your money based on income and expenses for each month. Many people assume that effective money management means scrounging, saving, and never enjoying life. You can use the Vertex42 Family Budget template. You might also have smaller, more short-term goals, like saving for your dream wedding or buying a luxury car. Smart money management can help you achieve those objectives. You likely have some financial goals in your life, whether it’s improving your net worth, paying off your college student loans, or achieving FIRE (financial independence, retire early). Here are the 8 best expense tracker templates to help you manage your money, optimize cash flow, and plan for the future - all with free, flexible spreadsheets. But without planning for expenses, a big income can lead to big debt. The template calculates weighted averages for each activity and the total project cost. Utilize the three-point estimating method to determine project expenses based on optimistic, pessimistic, and most likely costs. But it doesn’t have to be! I spoke with a couple in episode 114 of my podcast who overspent on holidays because their earnings combined were a lot. Download Three-Point Project Cost Estimate Template Microsoft Excel. The entire point of these tools is to simplify money management so you can think about your money less, not more.įor many people, budgeting and planning for big expenses like vacations are a struggle. Simplified spreadsheets help develop your plan, and budgeting apps, like those that automate expense tracking, help you stick to it. Finally, you need to stick to your plan.īudgeting spreadsheets and tools are great resources for creating a conscious spending plan. You then need to decide how much money to allocate to each bucket. You need to start with a bullet-proof budget, categorizing all of your expenses into one of these four buckets: fixed costs, investments, savings, and guilt-free spending. Conscious spending is a great way to enjoy life while still building a financially secure future.
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