Financial Budget Templates – 10 Free Sample Templates

There is nothing that excites a human being more than money. If you have money there is a lot of things you can spend it on. But some of these things are not important so you can easily end up spending so much money on things that are not necessary. With the help of a good Financial Budget plan you can reduce your expenditure and impulse buying. This article will discuss the Financial Budget guidelines for your assistance.

For an efficient and effective Financial Budget, focus first on the fixed cost items. These are items and bills that will remain constant throughout bills that will not change from certain amount to a different amount each month. These bills may include rent or mortgage, electricity, utilities, insurance, car payments, gym membership and any other bills that you pay on monthly basis and they are constant. Fixed items are in most cases the most important things a person will need in life, so your Financial Budget should cater for them. But they should not exceed half of your monthly income, i.e. 50% of the total salary.

When you are drafting your Financial Budget, it is of great importance that you also include your financial goals on the budget. Let your savings be a priority; you can decide to allocate a certain percentage of your total salary towards savings. This will help to secure and create a strong financial foundation such that if you will ever experience financial problems you will be in a position to handle it without having to ask for a loan from the bank or borrow money from friends and relatives. You can save for retirement, so that when you get retired at old age you will not have to burden your children to take care of you. You can also save and build an emergency trust fund where you can access money in case something comes up that will need financial handling urgently.

Your Financial Budget should also include flexible spending plan. Flexible spending will be things that will change from month to month. These are things that their bills are not constant; items like entertainment, travelling, hobbies and leisure, shopping, fuel and gas, groceries and family vacations. Some of these things are not very important so you should not allocate so high budget towards these bills. They should not take more than 30% of your total salary. You’re your budget for the items you can afford so that you reserve extra money to pay other bills or save. Flexible items are not a must to be catered for every month. You can decide to skip those at least a month so that you can allocate more money to savings.

Lastly the Financial Budget should also have some money set aside for miscellaneous expenses. These are the bills that you did not budget for but they come in between the month. You should have money that will cater for that so you will not have to spend your savings or reduce some of the flexible bills that you had planned for that month.

Sample Financial Budget Templates

Here is preview of Financial Budget Template From stationerytemplates.org,

Here is download link for this Financial Budget Template,

Sample Financial Budget Templates

Here is preview of Financial Budget Template From stationerytemplates.org,

Here is download link for this Financial Budget Template,

Sample Financial Budget Templates

Here is preview of Financial Budget Template From stationerytemplates.org,

Here is download link for this Financial Budget Template,

Sample Financial Budget Templates

Here is preview of Financial Budget Template From stationerytemplates.org,

Here is download link for this Financial Budget Template,

Sample Financial Budget Templates

Here is preview of Financial Budget Template From stationerytemplates.org,

Here is download link for this Financial Budget Template,

Sample Financial Budget Templates

Here is preview of Financial Budget Template From stationerytemplates.org,

Here is download link for this Financial Budget Template,

Sample Financial Budget Templates

Here is preview of Financial Budget Template From stationerytemplates.org,

Here is download link for this Financial Budget Template,

Sample Financial Budget Templates

Here is preview of Financial Budget Template From officetemplates.org,

Here is download link for this Financial Budget Template,

Sample Financial Budget Templates

Here is preview of Financial Budget Template From msofficeguru.org,

Here is download link for this Financial Budget Template,

Sample Financial Budget Templates

Here is preview of Financial Budget Template From sheettemplates.com,

Here is download link for this Financial Budget Template,

Posted in: Budget Templates

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