Are you trying to start budgeting better for the New Year? We’ve got some awesome printables, worksheets, and other tools to help you get the budget that works best for you!
If you’re trying to set up a new budget, odds are that you’ve done some research and are feeling pretty overwhelmed right about now. There are a lot of ways to do a budget! Everyone seems to have an idea of the best ways to divide up your money, categories you should use, etc. About the only thing they have in common is that you need to track how much you earn and track how much you spend.
Fortunately, we’ve done a roundup of several different budgeting methods! All of these are different, and that’s the point! You all have such different lives, with a wide variety of spending habits. There is no one-size-fits-all budget that will magically help you organize your finances. Hopefully, though, you can look at these different budgeting methods and find something that you can tailor to your own needs!
This is probably the simplest budgeting method. Here’s how it works:
- Budget your paycheck down to the last penny.
- Decide which categories to spend in cash. Ex. Groceries, Entertainment, Clothing, Gas, Pocket Money, etc. Bills and Automatic Withdrawals are probably not suited best for the cash envelopes. Assign an envelope for each category.
- Fill up your envelopes! After you’ve categorized your cash expenses, fill each envelope with the money allotted in your budget. Ex. If you have $400 allotted for groceries, put $400 in your envelope.
- Spend what you have. Once your cash in that envelope is gone, it is gone until next month or pay cycle. This will help you stay on track and stay in budget!
- Don’t give up! It will take time to fine tune your budget and your envelope system. Give it a few months and don’t be too hard on yourself.
You can get pre-made cash system envelopes HERE.
This budget is a free download from The Practical Penny. They give you some ideas of what you need calculate for income and expenses, and then there is a simple worksheet you can fill out to get started!
Looking for someone to walk you through how to make a budget, step by step? Sign up for the free Mama Budgeting Bootcamp and get 5 days of free easy, actionable budgeting steps to set up your perfect budget.
Many times, our groceries are the largest expense in our budget (aside from housing!). If you’re looking to set up a specific grocery budget and find ways to slim it down, then these steps to auditing your grocery expenses is for you!
If you’re looking for just a simple way to get started on your budget, then Organized Island has a great Monthly Budget Planner Template that you can download for free!
We love YNAB! If you’re looking for a budget program that is easily customizable, syncs with your bank account, and provides charts and graphs, then this is the budget for you! We started using it back when we first got married, and we’ve never needed anything else!