Mastering Budgeting Basics: Your Guide 

to Financial Planning  

4 Steps to Preparing any Budget

Track income, expenses, and debts. Allocate percentages, cut non-necessities, increase income, align with goals for financial control. 

Should you use a budget template or app?

Choose budget template or app based on preference. Consider style, lifestyle. Pros and cons exist for each approach. Start any method. 

1. Budgeting Spreadsheet

Excel-based, works in Google Sheets too. Collaborate, track expenses on the go. Perfect for spreadsheet enthusiasts! 

2. Budget Planner & Budget Worksheet

Free budget planners & worksheets for pen and paper or online use. Pros: simplicity, retention. Cons: manual calculations, paper management.

3. Budget App

Budget apps offer simplicity, expense tracking, and control over spending with on-the-go accessibility, but may be challenging for some and prone to app overload.

What's the 50-30-20 budget rule?

Allocate 50% to needs, 30% to wants, and 20% to financial goals. Categorize expenses and adjust perspectives for effective budgeting.

What Is The 70-20-10 Budget?

Allocate 70% income for expenses, save/invest 20%, use 10% for debt/charity. Align with goals, but personalization matters.


Tailor it to your style, manage your money flow, and make personal finance easy with a household budget."

Need More Help?

Check out my Budget Nirvana course, where I explain these concepts (and more) in greater detail. 

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