![]() I’ve created my own excel spread sheet which I update each week. You can download various budget tools, but I find they tend to work on monthly and annual amounts. Now you have a clearer picture of where your money goes, let’s start on the budget. Make sure you put the take-aways and dining out in the ‘wants’ category. To take it to the next level, you can separate these expenses into 2 basic categories – ‘needs’ and ‘wants’. ![]() This starts to build a picture of where your money goes. An excel spread sheet can also help – you can write down where and what the expense was, and the amount. If you’re with Macquarie or Commonwealth Bank, they have excellent avenues to track your spending via their apps. You can use your receipts, or use a budgeting app. The first step to creating a budget is to look at your expenses. While staying with her on a recent trip, I was chastised for leaving the bathroom light on! Yet only a few years ago I remember continually turning off lights and fans well after the room was vacated. I must say, living by themselves and paying their own way changes a child’s attitude. Now at 23, and living interstate, she asked me how to create a budget in excel so she can save for all the things she wants to do, and still be able to pay her bills. ![]() Her reply was ‘How can I create a budget when I don’t have enough money?’. I suggested she should create a budget in excel. ![]() Some time ago, my daughter was lamenting that she didn’t have enough money to pay her phone bill and the rest of her bills.
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