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2018 BUDGET WORKSHEET
BEGINNING
NOVEMBER 27, 2017,
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How to fill out 2018 budget worksheet
How to fill out 2018 budget worksheet
01
To fill out the 2018 budget worksheet, follow these steps:
02
Start by gathering all your financial documents, such as income statements, bills, receipts, and bank statements.
03
List down your sources of income, including salaries, dividends, investments, and any other money coming in.
04
Calculate your total monthly income by adding up all the sources of income.
05
Next, track your expenses by categorizing them into fixed expenses (e.g., rent, mortgage, car payment) and variable expenses (e.g., groceries, entertainment, shopping).
06
List down all your fixed expenses and their respective amounts.
07
Estimate your variable expenses based on past spending habits or use averages.
08
Add up your total monthly expenses by summing the fixed and estimated variable expenses.
09
Deduct your total expenses from your total income to calculate your monthly savings or deficit.
10
Repeat the process for each month of the year to create an annual budget.
11
Review and adjust your budget as needed throughout the year to stay on track.
12
Lastly, save a copy of your completed 2018 budget worksheet for future reference.
Who needs 2018 budget worksheet?
01
Anyone who wants to gain better control over their finances can benefit from using a 2018 budget worksheet.
02
It is especially useful for individuals or families who want to track their income, expenses, and savings over the course of a year.
03
Entrepreneurs and small business owners can also use it to manage their business finances and plan for the upcoming year.
04
Ultimately, anyone looking to make informed financial decisions and achieve their financial goals can benefit from using a budget worksheet.
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