Many of you have asked me to explain a picture that I posted on various forums regarding how I have set up my personal budget. I have shared a template of the budget with many of you already. But I think this video will guide a little more in-depth with how it is structured. Let me know if I need to explain it further.
There are timestamps for each section. So if you want to jump ahead or come back to a specific section you find them in the info bar.
The spreadsheet is also free and you can grab it from the link https://goo.gl/yTbPjC
And if you would like to get monthly reminders about doing your budget You can sign up at my blog link pmexplore.com/budgetreminders
The template is based on a build from Freedom in a Budget. If you would like to watch how she sets it up you can watch her 4 part series here.
0:38: Overview – Why I use this method and what motivates me to keep using this method of tracking and budgeting. And how you can build a spreadsheet like this one from scratch.
2:35 Getting started – Overview of the Spreadsheet
4:22 Understanding the Spreadsheet details. Showing you how some of the calculations are set up.
6:05 And In-depth look at how to manage sinking funds without having multiple savings accounts.
9:32 Zeroing out the Budget. Dealing with Extra Cash.
11:21 Debt – Credit Cards and Student Loans