One of the things I did when taking control of my financial expenditure and budgeting my money was created an Excel spreadsheet. I used this as a Pay Calculator for my financial management. It helps when you’re tracking every single penny you spend, because you can see all the figures at a glance. Where you’re spending too much, where you aren’t spending enough. Where you can save.
When filling this file in, you have to be 100% honest, and input every single number. If you’re lucky, you’ll have most things on a direct debit, it makes things easier. If not you have to manually input them into the pay calculator.
Please find attached this Microsoft Excel file. Which you can use for budgeting and sorting out your finances.
It’s fairly self explanatory
- Standard household bills input into the left column
- Any extra money in right-hand side column
- Your standard wage / benefits goes in the middle section
The pay calculator will then work out the rest for you, and also show you what money you will have left over for the month.
For me personally credit card / loans where my main issue. I’ve been working on restoring my credit rating so I could get a consolidation loan to free up £100 per month off my wage. It doesn’t seem like much, but when you’re counting pennies and budgeting, an extra £100 that you no longer spending is a hell of a lot of free money to play with. Also I paid off one of my credit cards.
This has helped me with financial freedom, I’m slowly getting there.Views – 23