Personal Budget Template

A budget is very important to most people who wish to live within their means. It is hard to do so nowadays without keeping a tight reign on your income as the cost of living keep increasing.

Hence, any concern individual should exercise a personal budget template to keep track of his/her finances on a monthly or yearly. This type of template will assist the individual in keeping to his budget and cash flow to avoid overspending and falling into unnecessary debt.

Hence, a personal budget template can have the following sections to record the necessary information to monitor your monthly financial status:

* Date

* Income

* Expenses

* Total

* Surplus / Shortfall

There will be many details under each section.

The Income column lists all sources of revenue for the individual:

* Monthly salary

* Savings

* Dividends

* Bank Interests

* Fixed Deposits

The Expenses section notes down areas where the cash flow is impacted:

* Household expenses

* Car related expenses

* Entertainment expenses

* Health expenses

* Home expenses

The Total column records the difference between the Income and Expenses columns to note if there is a surplus or shortfall in the budget.

Each section may have the following columns to record detailed information:

* Budgeted figures

* Actual figures

*Difference

* Notes

These columns allow the user to record and track how each section is being utilized as the month goes by.

Consider the attached sample template for your convenience.

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