Table of Contents
- Budget Excel Template Bundle
- Construction Budget Template Bundle
- 5 Ways to Create and Manage a Budget
- 10+ Budget Management Templates
- 1. Budget Management Report Template
- 2. Budget Management Report Sample
- 3. Monthly Budget Management Report Template
- 4. Professional Budget Management Template
- 5. Basic Project Budget Management Layout
- 6. Simple Household Budget Management Template
- 7. Personal Budget Management Example
- 8. Project Budget Management Template
- 9. Household Budget Management Template
- 10. Printable Budget Management Template
- 11. Standard Budget Management Layout
10+ Budget Management Template
Managing a budget is an important task and a difficult one as well. For a sound financial future, it is required to see how much you are earning, what exactly are the expenses and how much you can save. It does not aim to cut all costs but to make sure that you do not spend more than what you earn. To manage a budget, here are some budget templates and examples to help you out.
Budget Excel Template Bundle
Construction Budget Template Bundle
5 Ways to Create and Manage a Budget
Step 1: Choose a System
In the household, pen and paper system is prevalent. But in business, this system may not be very effective. So, when creating a budget, you need to choose the kind of system you want to use. There are various software available nowadays to manage your budget. For keeping things simple, you can choose ready-made templates.
Step 2: Set the Goal and Tenure
Determine your goal- why are you making this budget? For what time-period you want to prepare it? Are you making it for saving purpose or for debt management? A budget can be weekly, monthly, yearly, and so on. So decide the tenure. Calculate your income and expenses. Segregate your expenses in fixed, semi-variable and variable.
Step 3: Stick to the Plan
A budget is not made to just write down your income and expenses. You have to stick to it and spend as per the plan. Remember the reason why you have created this budget. You may encounter some emergency expenses which you would not have expected, say- medical expenses. So make it flexible. Commitment to the budget is crucial for the realization of the goals.
Step 4: Review Your Budget
You should review your budget every once in a while. See if there are any adjustments on income or expenses side. Check that things are going as per the budget. If not, then find out the reasons. Make sure that your budget has some flexibility that you can apportion some money for an emergency purpose.
Step 5: Balance Between Your Wants and Needs
To properly manage your budget, you need to balance your needs and wants. You don’t need everything you want. That does not mean that you can’t spend freely. You need to determine where to draw the line. Here you also need to control your impulse buys i.e. you had entered the store to buy a t-shirt but ended up buying the whole shop. These impulse buys can significantly affect your budget.
10+ Budget Management Templates
1. Budget Management Report Template
This is a 5-page budget report template which you can buy to create a report to account for the real-time expenses as against the budget. It is a print-ready template which you can download anytime anywhere. You can also share this file digitally to your staff as it supports all file formats.
2. Budget Management Report Sample
To make a detailed budget tracking report, this template can prove to be very helpful. It is a 21-page document which is fully customizable. You can use this template to create a well-formatted budget and create an internal report. Download this template instantly to create a budget for the realization of your financial goals.
3. Monthly Budget Management Report Template
This is a simple monthly budget planner template containing only the essential and basic field of expenses, revenues, and salaries. You can see if there is any variance from what you have budgeted. It is elegant and simple-looking as well. You can easily change colors. It is available for instant download.
4. Professional Budget Management Template
This is a sample business budget template to facilitate the managers in order to make detailed projections for the future. All the expenses are separately covered and are divided into capital and revenue- fixed and variable. You can refer to this template for creating one for your own business, be it new or existing.
5. Basic Project Budget Management Layout
In this example, there is a sample project budget summary at the beginning for quick reference. Below it is the breakdown of the summary and is very detailed stating every project cost very clearly. Each item is described as well for facilitating user understanding. The colors used are bright still professional. It is a very organized format.
6. Simple Household Budget Management Template
For planning a budget for your home, you can refer to this example. It has all the general expenses covered for a household. If you want to add any other expenses or income item, you can add it. Refer it to make a household budget on a monthly or yearly basis as per your need.
7. Personal Budget Management Example
If you have any debts and you want a personal budget to plan their payoff, this template can be very useful. There are the income and expenses section and how much extra funds you have to pay your debt. Prioritize your debts and allocate the surplus fund in them. You can project your payoff period with the help of this.
8. Project Budget Management Template
In case you are receiving funds from a grantee to fund your project or in case you are answerable to an outside party for your expenses, this project budget template can help you. In this template, all the expenses which are incurred and to be granted by the grantee are explained and justified for answering the grantee.
9. Household Budget Management Template
This is an editable household budget worksheet to help you make a personal budget. All you need to do is fill in your incomes, expenses, and other details and you are good to go. You can simply download this template and save time and effort. It is detailed, organized and colorful as well.
10. Printable Budget Management Template
This is another printable budget worksheet for making projections for your project. This template is useful if you are submitting a project proposal application which will be investigated by different principal investigators. While writing this type of budget, you need to be accurate and fair in providing the cost. They should be justifiable.
11. Standard Budget Management Layout
This is an editable format of budget template for making yearly budgets for a teaching facility. The format is divided into administrative cost section and program costs section. For any program apart from the regular ones, the later section is created to describe the costs. This is a simple, editable and organized template.