This budget template is meant to help you create a budget that works for you. Whether you’re saving for your wedding or expecting a new baby, making a budget can help you feel financially prepared.
Try building your budget for one month on the Monthly Budget tab, then when you get the hang of it, create a budget for the whole year on the Yearly Budget.
1-Budget Categories: You have the ability to delete or insert entire rows when adding or removing categories that fit your life.
2-Your Starting Balance: You will need to fill in your Starting Balance at the top left of your budget. To come up with your Starting Balance, add the balances in your spending accounts (cash, chequing). If you want to start your Yearly Budget with a month other than January, just edit the label as needed.
3-Define Your Budget: Using knowledge of your income and expenses, fill in the budget amounts for each of the categories. Past receipts, balance statements, bills, pay stubs, and other information can give you a better idea of how much you should be spending towards certain categories. Don’t worry if you don’t know the exact amount. This budget template allows you to change the amounts as you figure out what works best for you.
4-Fixed Expenses: Fixed expenses, like mortgage or car payments, can be entered as the same amount each month.
5-Variable Expenses: Expenses that vary, like utility bills, groceries, and birthday gifts, can be entered as estimated amounts in the months that they happen. Or, you can enter an average of how much you think you’ll spend every month. Or simply consider how much you might spend annually and divide by 12 to get the monthly average amount.
6-Examine Your End Balance: If you have money left over after paying your bills, consider contributing more towards your savings. Visit your nearest TD Canada Trust branch to find out how you can use that money towards your future financial goals.
If your end balance is less than what you feel is comfortable, for example, you’re spending more than you take in each month, then look for opportunities to cut back on some of your non-essential expenses, like gifts or entertainment.
Download also:
- PMBOK® Guide Sixth Edition Summarized PDF
- Project Management, Planning and Analysis Tools
- An Introduction to Project planning and scheduling
- PMP Question & Answer 2018: Free PDF Download
- Strategic Planning and Change Management for Engineers
- What is the Project Management Professional (PMP) Certification
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