Creating a weekly budget model is a great way to visualize the financial picture. However, if you are like many others, you may have plenty of free time which is perfect for scribbling. You may want to create your budget every week instead of once a month. This gives you more freedom and flexibility when it comes to making changes.
All you need to start creating your weekly budget model is paper and pen. Make sure you have stamped the date on the model and that it is on one side. For example, if you’re using a spiral laptop, make sure all the data is aligned correctly.
On the first page of your weekly budget model, write down your budget for the entire month. It is important to pay close attention to all the numbers as this determines where your money is going. Write down the name of the person responsible for spending your money on the first line, then write down the amount you want to pay for the month on the second line.
The number you have written for each person on the first line should be the monthly income they will receive. In addition, each person must be listed on the page based on their primary source of income. Pay attention to the portion of this income they use to pay bills, expenses and savings. Finally, you need to list all the gifts you want to send during the month.
Once you’ve finished your budget, it’s important to review your plan to make sure it works for you. If you use a weekly model, you should take notes of your annual expenses and review your income. There are many ways to track expenses and earnings.
Don’t forget to change things every month. Sometimes you can reduce costs by not sending an item as a gift, and sometimes you can increase your savings by doing the same thing. When making changes, make sure your new changes reflect your priorities.
Creating a weekly budget model is very easy. Use it as a guide to your own finances so that you stay on track and can continue to succeed in the future. If you think about it, your budget will become more stable and you will feel even better.
Free weekly budget spreadsheet template