2021 Budget Planner: A Proven Plan for Your Financial Success

When it comes to managing your finances, having a solid plan is essential. A budget planner can help you achieve your financial goals by providing a clear outline of where your money should go each month. In this article, we'll break down the key elements of a successful budget planner and provide tips on how to use one effectively.

A typical budget worksheet will categorize expenses into three main areas: extras-like fun money and miscellaneous items; other essentials-like insurance and debt; and four walls-food, utilities, housing, and transportation. This order makes sense because it allows you to prioritize your essential expenses before allocating funds for discretionary spending.

Once you've planned for what's coming in, it's time to plan for what's going out. This includes giving, saving (depending on which Baby Step you're on), and spending. By adding up all of these expenses, you'll get a clear picture of how much money you have available each month.

If you have an irregular income, take note of your lowest earnings over the past few months and use that as your planned income for this month. For married couples, list out both incomes to ensure accurate planning. Don't forget to include regular paychecks and any extra income, such as side hustle money.

The Planned column at the top of your Quick-Start Budget template is where you'll list all incoming funds. This proven plan can help you achieve financial success by providing a clear direction for your money. With three steps to set up your budget and two more to maintain it each month, you'll be on track to reach your goals in no time.

Before diving into the budgeting process, print out your Quick-Start Budget template and open your online bank account. Having all of your financial information in one place will make it easier to stay organized and focused.

For those who are new to budgeting or need a refresher, a budget template can be a great tool for getting started. With clear directions and step-by-step blanks to fill in, you'll have the confidence you need to create a budget that works for you.

In conclusion, a 2021 budget planner is an essential tool for anyone looking to take control of their finances. By following these simple steps and using a budget template, you can develop a plan that helps you achieve your financial goals and stop wondering where your money is going. Start planning today!