So 2020 was a pretty rubbish year, I think we can all agree on that. And there's no telling yet what 2021 will be like, but one thing we can control is our approach - keep a positive mind and plan for greatness. To help you along the way, I've created a couple of resources that are available to download for free.
Editable Budget Planner
This budget planner is a copy of the one I have been using for the past few years. Mine is a little more complicated as I have extra tabs for keeping track of my pension, ISA, self-employment, and extra savings accounts where I put money aside each month to save up the bigger annual costs, like car insurance and car tax. Nevertheless, the template I am sharing is a fantastic starting point and can help you get on top of your finances fast. Whether you're saving up for a house deposit, or trying to pay off your debts, being aware of what money is coming in and what money is going out is essential if you are going to be able to get on top of your finances, remain in credit, and do any real saving.
The first 12 tabs are the budget pages for each of the months, where you can track your income and outgoings for your main account and a savings account. The formulae are already set so you just need to enter values into the light yellow cells.
The next tab "Tracker" enables you to review your monthly income and expenditure for both your spending and saving accounts at a single glance. I like to play around with this tab by entering future values to check I will always be in credit, or to experiment with how much I can spend or save in any given month. This currently tracks your finances until September 2022.
The final tab "Projection" enables you to enter values for specific things so you can play around with individual costs and check you will remain in profit. This is good for checking if you can afford to put away more into your savings, or for checking your financial position before committing to any regular direct debits.
Sold? Download the Editable Budget Planner here.