Organize With Me: How to Start a Budget / How I Budget

Hello Beautiful Souls!

Welcome to Post 2 of my new September Organize With Me series!

I have been going a bit crazy already and really hunkering down with some serious deep cleaning and organizing and it’s only the first week of September. I am just so ready for Fall even though we are not there yet and ready to get ma shizz together…

Lately, I have started in by focusing on my calendar, planner, other basic planning and organizing and of course: My Budget.

Budgeting is one of those things that I have had the hardest time finding a particular system that works well with me and how I like to budget. I mean you name it, I’ve tried it. I’ve tried Word templates, Excel templates, budgeting apps, Mint.com, etc. And I have never really liked them or felt that they work that well with me.

So, I decided that since nothing worked for me, I’ll make my own budgeting system. I have been using this for the last few months and I love it and it helps me so much. I created my own budget template through the wonders of Evernote. Like I mentioned in my last post, I love Evernote; it has changed my life and I been (somewhat) organized like a pro. Like seriously, go check it out, it’s awesome and it’s free! 

So, If I were to breakdown my budget system, it would be 4 different components : Income, Current Bills, Current Spending, Remaining Balance. 

1. INCOME

So, to get started, where it shows the “Month Day Paycheck,” that is where I first start by putting in an estimation of what I think I am going to be paid that check, when and from where (this is only because I work two jobs). And then I add a total for my entire income for that week. Then I am able to see black and white what income I am working with. When doing this I would be as accurate as possible, this allows to see exactly what income you have.

2. CURRENT BILLS

This is one of the most important sections of the budget template; this is the fixed expenses that you have. For example I have expenses such Rent, Car Payment, Car Insurance, Gas, etc. expenses that I need to live that must be paid. So, depending on the week, I will organize what bills need to be paid that week and how much and then add them up to see what my bills are for the week. Example :

3. CURRENT SPENDING

This next section is kinda what I consider the fun part, this is the variable part of the budget where you can do one of two things, which is plan for upcoming spending or track your spending. I personally put down upcoming spending items that I have, since I find that tracking every single purchase honestly stresses me out (but if that helps you, by all means, do what helps you). For example, this would be budgeting for a concert that I want to go to, events to attend, any spending for birthdays, etc. Usually these are items that can be changed or adjusted.

4. REMAINING BALANCE

This last section is the most section I adjust when it comes to my budget, personally when I organize, I like to see exactly how much funds I have to work with when everything is done and paid for. So, I like to see how much money I have after my bills and upcoming spending so I can work with it for other things I may need or for money to just spend (like ma Starbucks…lol).

For each component, I copy each for each week and add adjust the bills that are due for that week or current spending for that week to get a clear picture of what funds I have for each week. For more of a visual breakdown of my budgeting template or if you want to use it yourself, I will link it below :

https://www.evernote.com/shard/s670/sh/e4b6b6b3-6c6c-4ce6-8ef0-038451d8baaa/a852449cd661c0bd18718c1a5e0fe3f2

Budgeting is one of those things that I always love to organize along with my planner because money is a such a stress for me, so having a visual helps me not only to calm down, but give me an idea of what I am working with. And if you are someone who likes to budget or you are needed some budgeting inspo, then I hope this helped you!

Well, thank you for hanging and organizing with me souls, I hope these helped and that you are enjoying this series so far, let me know what you think about this series and what type of topics you would be interested in. I’ll see you guys in my next post!

Until next time…

Dev

I would love to hear from you! What do you think of my budgeting tips? What budgeting system do you use? What are your budgeting tips? Leave me a reply below!

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