Table of Contents
- Build a Monthly Budget– Step-by-Step Instructions
- Monthly Budget Templates and Examples
- Monthly Business Budget Template
- Monthly Budget Worksheet Example
- Monthly Budget Planner Sample
- Monthly Project Budget Template
- Monthly Budget Planner Template
- Nonprofit Monthly Budget Template
- Restaurant Monthly Budget Template
- Free Corporate Monthly Budget Template
- Free Household Monthly Budget Spreadsheet Template
- Monthly Budget Management Report Sample
- Free Monthly Budget Template
- Monthly Budget Template for Teens
- Personal Monthly Budget Worksheet
- Monthly Budget Template
- Monthly Cash Budget Template
- FAQs
How To Make/Create a Monthly Budget [Templates + Examples] 2023
Monthly budgets are crucial tools for proper money management. A monthly budget can be used for both personal finance and business accounting.
Build a Monthly Budget– Step-by-Step Instructions
Knowing how to craft a monthly budget is an important skill. As long as you use correct and updated information, you can keep better track of your expenses, cash flow, etc.
Step 1: Search for a Monthly Budget Template
Starting from scratch can take more time, so it is best to look for a predesigned monthly budget template using the search bar.
Step 2: Click and Download Your Preferred Template
Once you have browsed the template gallery, choose a template that matches your individual needs or objectives.
Step 3: Edit the Title
The next step is to provide an appropriate title for your monthly budget. Keep it short and straight to the point.
Step 4: Basic Information
Input all the key details such as your name and contact information. If you are crafting a corporate monthly budget, make sure to include the complete company name and business address.
Step 5: Sources of Income
In order to have a clear picture of your money matters, you have to identify all your sources of income. These can be both active and passive forms of income.
Step 6: Complete List of Expenses
Expenses must always accompany income. List down your different estimated expenses then update your monthly budget as soon as you have the actual figures or numbers.
Step 7: Balance Summary
Provide a summary of your total income and expenses for the given month. After calculating, you will then be able to understand how well you handle your finances or if you need to change your spending habits.
Step 8: Visual Representation
You can also opt to create a visual representation of your monthly budget if it helps. Pie charts and graphs are the ones that are commonly used.
Step 9: Download and Print
The last step is to save, download, or print your monthly budget. Feel free to use your preferred file format, whether that is Word Doc or PDF format.
Monthly Budget Templates and Examples
There are hundreds of monthly budget templates and examples available online. But to pick the right one, you need to first know what your objective or goal is for coming up with a monthly budget.
Monthly Business Budget Template
It is always going to be tough when it comes to managing a business’s finances. That is why this template is here to help. With it, you will be able to come up with a business budget plan that will ensure that there won’t be any losses and that you will only see gains.
Monthly Budget Worksheet Example
There are those who would like to place their budget within a spreadsheet document as they feel that they can use it more effectively than any other type of budget document. If you are such a person, then you should use this template to help you create a budget spreadsheet of your own.
Monthly Budget Planner Sample
People who have trouble planning out their entire budget for the month will find this template to be of great use. With it, one can easily come up with a proper planner that can easily point out all of the different sources of income and expenses that he/she may have.
Monthly Project Budget Template
There may come a time where an employee is required to provide a report on the business’s monthly budget. Should that be the case, then this template can help create the document. Use it so that you can come up with an understandable and detailed monthly budget report of the business.
Monthly Budget Planner Template
Remember that this is the type of template you can use to help you easily plan out your budget within the month’s time. Should you decide to use it, know that this template can be opened and customized with the use of programs such as Microsoft Word, Apple Pages, and Google Docs.
Nonprofit Monthly Budget Template
Restaurant Monthly Budget Template
Restaurants have so many things to spend on that it’s important to know just how much they are able to make so that they can continue operations. With this template, you can guarantee that you will be able to handle all of your restaurant’s finances so that you can get through every month.
Free Corporate Monthly Budget Template
Free Household Monthly Budget Spreadsheet Template
There are some people who find it difficult in knowing what it is that their entire household spends on. To ensure that you don’t have such a problem, then it’s best that you use this template. Doing so will help you plan out your household budget to ensure that you don’t go spending too much.
Monthly Budget Management Report Sample
People who love managing their monthly income will want to make use of this template. Know that with it, you should be able to easily figure out just how you will need to manage all of your income and expenses for the following month. Once you’ve made it, you can keep using the template for as long as you need to.
Free Monthly Budget Template
Monthly budgeting is never going to be an easy task, especially for those who find it difficult to save more than they spend. That’s why this monthly budget template will help you by allowing you to come up with a document which can easily keep track of what you earn and spend.
Monthly Budget Template for Teens
deldhub.gacec.delaware.gov
Even teenagers need to know just how they should handle their money as they usually don’t have much in terms of income. With this monthly budget template specifically meant for teens, those who use it can ensure that they know how they will be able to spend their money wisely without having to worry about overspending.
Personal Monthly Budget Worksheet
salliemae.com
If you wish to come up with your own personal budget document, then you should consider using this template. This is perfect for those of you who need a detailed list of all your income and expenses, plus it will help you organize your finances to the point where you’ll know exactly how you should budget for the month.
Monthly Budget Template
A monthly budget can help you take better care of your finances. Whether your goal is to monitor your monthly expenses or save up for a big purchase, a monthly budget is a must.
Monthly Cash Budget Template
To efficiently manage your cash flow, you need a monthly cash budget plan. Both your incoming and outgoing cash should be documented or recorded in your plan.
FAQs
What is a reasonable budget for a month?
It would depend on your monthly income and expenses but in general, it is safe and recommended to use the 50/20/30 budget rule.
What is the 50 20 30 budget rule?
The 50/20/30 budget rule recommends spending 50% of your monthly income on needs, 30% on wants, and the remaining 20% for savings or debt payments.
How should a beginner budget for a month?
For beginners, it is crucial to first set a financial goal for the month then create a detailed breakdown of all your income sources and monthly expenses.
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