![]() ![]() By noticing this trend, you can begin to leave a heavier buffer in your checking during the first pay period to cover that heavier spending the second pay period. For example, you may notice that the end of the month tends to have increased spending because you have more bills come out. The beautiful part of this way of budgeting is that you can look ahead a few pay periods to see if you have any “heavier” pay periods. Your goal while working through this budget is to have that buffer amount in mind and to stop spending once you get to that buffer amount each pay period. Others might want $500 to $1000 as a buffer. This buffer will be different for everyone. Even though we want to run a zero based budget and give every dollar a name, we always want to have a buffer in our checking account. The reason we keep track of our checking account balance is because we never what our checking account to be zero. So I would calculate both of our incomes in the top left section and add that to our checking account balance. For example, my husband and I are both paid on the same day every two weeks. Then you’ll calculate the income that’s coming in that pay period. You’ll record your checking account balance in the first open box at the top. If this is not something you are used to doing, this may take a few tries to get it right. This means you’ll subtracting any outstanding checks from whatever your balance currently is. The first step to get started is to find out what your checking account balance will be. You’ll want to print as many of these forms as you have pay periods for the month. This form is setup very similar to how our digital budget template is setup. This is a zero-based budget.įinally, the “Paycheck Budget” form is the last optional budgeting form. That’s okay! Just go back over to make whatever adjustments need to be made. This is very unlikely to happen without some adjustments. Then subtract that number from your total income. Add up your off the top and bills totals. This will include everything from your mortgage or rent to utilities to personal spending! Write it all down! Finally, move back over to the bottom left section to do your final calculations. After that, move over the right hand column and total up your bills and expenses for the month. ![]() This includes the most important things like giving, savings, and investing. Then you’ll calculate your “Off the Top” total. To work this budget form, you’ll calculate your total income for the month in the top left section. Also, if you are a family who is one month ahead on your bills, this is likely the form you will want to use. If you are paid monthly, you will use this form. The 1st option you will see is the standard monthly form. This year there are now 4 optional budgeting forms to choose from. The sheer size of this kit can seem overwhelming! But don’t worry, I’ve included an entire section on how to setup and print your binder kit at the very beginning! Plus, I’ve added individual monthly downloads within the kit so you can easily get to what you’re looking for. This year’s budget binder contains almost 300 printables to help you finally take control of your finances once and for all. If you want to grab the 2024 Budget Template, you can check out all of our bundle options by clicking the link below!! You can see how this budgeting template is setup plus how to utilize all of its features by clicking here to view the How to Use the 2024 Budgeting Template video. This Google Sheets template can be downloaded on any of your devices, will allow you to see a snapshot of your budget for 6-12 months, and will really help you save more, spend less, and pay off debt faster. ![]() If you’ve struggled to budget because you aren’t paid on a monthly basis, then I know you will find this way of budgeting so helpful! The 2024 Budget Template is the perfect way for you to keep your budget with you on the go. The DIGITAL BUDGET TEMPLATE also utilizes the “budget by paycheck” method so it will work for you and your family no matter how you are paid each month. I’ve updated and revised the budget template from last year to include percentages, more spending trackers, a separate sinking fund tracker, a net worth spreadsheet, and a debt tracking spreadsheet. ![]() This year I’m continuing to offer the 2024 Budget Binder in a digital format. ![]()
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