1/4/2024 0 Comments Weekly budget worksheet![]() ![]() Your Sinking Funds: You likely have larger bills due just a few times per year – like car insurance, travel plans, back-to-school shopping – and you’ll want to set money aside from more than just that month’s paychecks to be able to pay these expenses.Your Savings and Debt Goals: You’ll want to budget for money from at least one of your paychecks to go towards your savings and debt payoff goals.Then, figure out how much of your first paycheck and how much of your second paycheck you can give for that bill. Your Larger Bills: For larger bills that take part of two paychecks to handle, you’ll want to make a slot on each of your two-paycheck budget printables (or three, if you’re in a month where you get paid three paychecks) for that particular expense.I like to use a blank money calendar, and just fill in when I expect money to come in, and when bills are due. So, you need to keep a month-wide view of things. But what happens in week three of the month can affect what you need to do with the first paycheck’s budgeting. Your Entire Month: Yes, you’re just figuring out how to spend each paycheck.When you sit down to calculate a budget for a paycheck, consider these few things: You then need to assign specific expenses, savings goals, debt payments, and other budget line items (like money for food) to each of your paychecks. ![]() How Do You Calculate a Budget for a Paycheck?įor each paycheck that you get this month (and throughout the year, if you decide to stick with this personal budgeting method), you’ll need a paycheck budget worksheet. Going through this process – planning your budget by paycheck, then writing in what actually happened, and subtracting the two to finding your “leaks and leftovers” – will definitely build your budget-making skills. ![]() Here’s a set of simple Paycheck Budgeting printables – what I like about them is that there’s a spot for what you budgeted, then what actually happened, and the difference between the two. ![]() MintNotion’s Paycheck Budgeting Printable Hint: these can be really helpful when figuring out how to transition from credit card to cash. Punch some holes, stick them in a binder, and you now have a budgeting station. So, choose one of the following budget by paycheck worksheets, then set yourself up for success by printing out enough for at least six months. I find that organizing and prepping things ahead of time is half the battle, personally. Free Budget by Paycheck Worksheets (PDFs) Let’s dive into the free resources, and then keep reading to learn more about how to budget by paycheck so that you can make the most of them. Whether that’s paying down your debt faster, saving up money, investing in yourself to get that promotion or work towards getting into the career of your choice, or even to be able to live a different lifestyle than what you’re currently experiencing. Rather, these worksheets are here to help with both having enough money to get to the next paycheck AND to get ahead financially because you’ll be controlling your money better. Remember that even though using these worksheets will definitely have you thinking about your money on a paycheck basis, the goal isn’t to reinforce living paycheck to paycheck lifestyle. xlsx version of the template, mostly explaining how to enter different types of transactions (transfers, credit card payments, savings allocations, etc.).That’s because weekly budgeting can get dicey when you have paychecks in some weeks but not others, and the rent or mortgage bill soaks up all the funds in a single week.Īnd monthly budgeting can often be too long an amount of time to change or guide your daily money decisions (though it can be great for a more holistic picture of your money). This template is great for when you are first learning to budget and track your money, but it's easier to do more detailed analysis if your transaction data is in one register, like in the original Money Management template. The main disadvantage of this approach is that your transaction data is split across multiple worksheets, making it more difficult to create yearly reports. You can make a copy of the budget worksheet for each budget period. Although it lacks some features of the original template, I designed it to be easier to use (requiring very little Excel experience). Like my original Money Management template, you can customize budget categories and track multiple accounts, but this version includes everything in a single worksheet and uses fewer budget categories. This template works for a weekly, biweekly, or monthly budget. ![]()
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