Budgeting helps to paint the big picture view of what your financial future will look like and how you can live within your means. By accounting for how much money you make and keeping track of how much you spend, you can have the peace of mind knowing that you won’t run into trouble down the road.
Twelve Points wants to help you keep your monthly budget as straightforward as possible. This downloadable Excel template takes into account your salary, investment income, recurring expenses, and savings so you know how much you can spend each month, as well as how close you are to reaching your savings goals. Simply plug in your figures for each month, and the rest of the fields will populate automatically.
Want more tips on sticking to and optimizing your budget? Learn about budgeting for young professionals here, or learn about paying down debt vs. investing here.