A Monthly Expense Control Worksheet can change your financial life once and for all, helping to save your money and freeing up extra income.
Today, we will explain how it works, what it is and we will also bring you some examples of methods that help you to control your money more effectively.
Spreadsheets like these can help you save more money in the long run, as well as make it easier to pay off debts, regardless of how much they have.
What is a Monthly Expense Control Worksheet?
But what is a monthly expense control spreadsheet all about? I think you should start researching.
We are talking about a spreadsheet where you put each of your expenses, seeking to have greater control of where your money goes and where your money goes as the days go by.
Here on our blog we have already brought another publication where we talk more about the Expense Control Worksheet, it is worth checking out.
How does a Monthly Expense Control Worksheet work?
And how does this type of spreadsheet work? Does it come ready-made or are there types that we can copy and use in our daily lives?
As we mentioned, it is a spreadsheet, so the most common method of putting it together is using Microsoft Excel, which is simple and easy for you to use on a daily basis.
The program has several functions and commands that we can use, from additions, subtractions, divisions and projections according to the numbers and commands you use.
In addition, this worksheet can be fully customized according to your monthly expenses and basic needs.
There are ready-made models and methods that we can follow, which we have already mentioned in the other publication that we mentioned a little further above.
Monthly Expenses Worksheet for Indebted
But, and do you know the importance of a monthly expense control spreadsheet for indebted people? If you have a dirty name, know that it can change your life.
That’s because with the right financial organization it is possible to pay your bills gradually, and thus leave the SPC, Serasa and clear your name.
We know what we are talking about, after all, here on our blog we have already brought several tips for people with a dirty name.
So, take a look at our other content, such as credit card and personal loan for debtors.
The fact is that when you organize your expenses, you have more money left over, and so it is possible to settle your debts.
Save money for yourself, control your essential and leisure expenses and clear your name as soon as possible, create a spreadsheet for your month and start using it!
Methods of Monthly Expense Control Worksheet
We come to the main topic.
Below, we will specify 3 interesting methods where you separate your income according to your monthly expenses, including leisure, essential expenses and future investments.
The information is percentage-based and may change as needed. Read:
Method 60-10-10-20
Based on 4 ways to separate your money. Are they:
- Essential expenses (electricity, water and rent): 60% of your income;
- Short-term goals (buying your dream wardrobe or computer): 10%;
- Long-term objectives (investments in fixed or variable income, etc.): 10%.
- Leisure expenses (pizza, cheese, cinema or even Netflix): 20%.
50-30-20 method
In the 50-30-20 method, things change.
The money spent in an essential way is reduced and gives way to leisure and investments.
Look:
- Essential expenses: 50% of your income;
- Leisure expenses: 30%;
- Short and long term goals (investments): 20%.
This worksheet is suitable for younger people who have a lower number of essential expenses.
Method 50-15-35
This worksheet is suitable for young people who want a good amount of money in the future, or adults who are looking to invest heavily in their retirement.
It is characterized by 50% on essential spending and 15% on leisure, with travel, cinema and pizza, for example.
Here’s what the remaining 35% look like:
- Essential expenses: 50% of your income;
- Leisure expenses: 15%;
Short and long term goals (investments): 30% .
He understood about the importance of financial organization provided by a simple spreadsheet. Choose your method and start having greater financial control as soon as possible!
