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![]() ![]() In order to account for things that don’t happen on a regular basis and to see the true impact of our spending, it’s really important to plan out the next twelve months (an entire year). Creating a plan and then tracking it is a new habit, and we want to make it as easy as possible for you to get started. Overtime I recommend customizing this to work with your lifestyle and spending (more on this below), but at first, I find people have the most success when they start simple. Overall, I’ve found this layout works for the majority of people. ![]() We want to make things as simple as they can be and only as complex as they need to be. Over time, I’ve learned what’s important to include and what’s okay to leave out. This budgeting template looks very different from the first spreadsheet I created and is now the template I use for my courses and when I sit down with a client. Through my own money journey and helping thousands of people with their finances, I’ve discovered what works. This budgeting template has been years and years in the making. How we came up with our budgeting template. Long story short, budgets get a bad rep (which is why I’ve chosen to rename them happiness allocations), but they’re an incredibly powerful yet simple tool we can use to dramatically improve our financial lives (and lives in general). Without a plan we’re often splurging and not enjoying it. I’m consciously spending my money and can truly enjoy it. If I know how much I want to be spending, I can treat myself to a massage or a nice cocktail, knowing it fits in with my broader goals. When we don’t have a plan (and therefore don’t know how much to be spending), our non-essential expenses can make us feel guilty. The less-expected result of creating and keeping up with a budgeting template is that we can spend money on fun things without feeling guilty. We’ll find freedom in our choices and get to have and experience what we want in life. And despite popular belief, if we set our goals well, this means we’re getting what we really want. When we know what we want to be happening with our money (having a spending plan) and then track where our money is going (following through with that plan), it’s actually hugely liberating.įirst, we get to reach our financial goals. Why using a budgeting template is hugely liberating (and not restricting). Most of us believe budgeting will be limiting and restrictive, but I’ve actually found the opposite to be true both for myself and for the thousands of people I’ve helped with their money. The tool I use over and over again in my own financial life and with my clients is a budgeting template. ![]()
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