A budget worksheet is merely a record of your monthly income and expenses. Budget Tracker Spreadsheet Samples and Templatesĭon’t let the title intimidate you. Gadgets, travel, dining out, watching movies, trips to the mall, are some examples. In short, absolute must-haves.ĭiscretionary spending refers to paying for stuff that we can technically live without but still consider important. Non-Discretionary spending refers to paying for essentials like food, housing, medicine, and educational expenses. What is Discretionary and Non-Discretionary spending?
Through budgeting, you make sure all essentials and non-essential expenditures will be covered. Then you have Meralco, water, gas, cable, Internet and credit card bills next. It ensures that all important expenses will be paid for.įood, housing, medicine, school, are the basics. Why is it important to budget your monthly expenses? Your family’s monthly budget, for example, allows you to allocate your cash according to your monthly expenses.Ī travel budget, on the other hand, accomplishes the same goal but is meant for funding your trip and how much to spend for each entry in the itinerary. A “framework” to guide you on how money should be spent on a particular project, item, or time frame. Budget Tracker Spreadsheet Samples and Templates.What is Discretionary and Non-Discretionary spending?.Why is it important to budget your monthly expenses?.
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