No matter what the situation – whether trying to reduce spending, save up for something special or just be a bit more mindful of money – we can all manage our money a little better. Sometimes all you need are the right tools to help you get organised. That’s the thought behind our handy Agenzio budget books.
By taking the time to organise your finances and following our handy tips before you know it your books will be as balanced as yin & yang!
Our first tip for using our budget book is to use your first page to make a plan. Don’t worry about looking at your incomings/outgoings yet, let’s just prioritise what you spend your money on. At the top of the page, list everything you have to spend money on each month. In this section, we have rent, utilities, subscriptions, phone bill and travel expenses. Deduct all these things from your salary to work out what you have left to work with.
Next, add in the amount you wish to save each month. Even if you are only saving a small amount, it’s important to get into the habit. It’s helpful to transfer all of these expenses into a separate account as soon as you get paid, that way you will make sure all of your most important bills are taken care of and you’ll ensure that you’re saving some money each month.
Once you’ve taken out your essential spend, add in any money that you tend to earn on top of your salary each month. This could be from freelance work, selling clothes or income from a property.
Now we can split out the remaining balance into a weekly budget for groceries, cosmetics, clothes and enjoying life! You can order the list by priority to help allocate funds. Once you’ve set the amount for each area per month, you can refer back to it as you go, to see if you’re staying on track. Try not to allocate all of your money, so that if any unexpected costs arise, you’ll have a bit of cash to cover them.
Now that your budget has been set, the rest of the book can be used for tracking your spending. Make sure you add to your book daily, to help you maintain your budget. Small costs like daily coffees can really build up before you know it, so it’s best to carefully keep track.