![]() To get the value of your monthly income, divide the total by 12. From those which you receive from your job to those which you don’t receive regularly, you must include all of these figures. Make a list of all your net and gross income from all of your sources. Make sure to include these in your money management worksheets so you know that part of your income goes into these expenses. These refer to the expenses which you must pay regularly like insurances, household expenses, tuition, and others. If you want to stay on track financially, find out your net worth at least once a year. This refers to the difference between your assets and your liabilities. If you want to assess the progress you’re making as you work towards achieving your goals, you must first find out your net worth. ![]() Setting short-term goals mean you must achieve them within a year, mid-term goals mean that you must achieve them within five years, and long-term goals mean that you must achieve them over a period of five years or more. These refer to specific things you plan to spend on or what you want to do with the money you earn within a specific time period. For these worksheets, make sure to include the following information: To help you with this, using money management worksheets or financial planning worksheet is key. If you want to set financial goals and see yourself achieve them, then you must learn how to manage your money properly. Money management is an important aspect of life. It’s more of these people not managing their finances well. More often than not, the problem isn’t because they aren’t earning enough. No matter how much they earn, it always seems like the money isn’t enough. Most people don’t even know where their money goes. ![]() Money management worksheet 29 (28.52 KB) Information to include on your money management worksheets Before you start inputting values, make sure to save the template under a different file name. After creating your template, save the blank version. You can download a template or create one on your own using the word processing software of your choice. It’s not a difficult task to create and use a money management spreadsheet. This helps you stick to your budget better. Then you can create a financial planning worksheet where you modify your spending patterns by prioritizing the things you need to spend on. To find out what you can afford to spendĪfter creating money management worksheets, you’ll have a better idea of how much you have and where you spend your money. This will give you a better idea of all the financial resources at your disposal which, in turn, helps you avoid overspending. Debts and other financial issues often stem from overspending.īut if you use a money management spreadsheet to keep track of your finances, then there’s a reduced likelihood of your overspending. But before you can solve this issue, you must find out exactly how big of a problem you’re dealing with. If you notice that you’re not able to save but you have a lot of debts, this means that you’re overspending. There are two main reasons why managing your money is very important: To find out if you’re spending more than what you’re earning This template serves as a highly accurate tool for you to analyze your money management patters. When you create money management worksheets correctly, you can benefit from them a lot. You can use it to find out how much you can afford to spend and how much you should save every month in order to achieve your financial goals. ![]() You can use a money or financial planning worksheet to examine your financial history and come up with a plan for your future savings and spending. In doing this, you can improve your financial health in the long-run. With such a worksheet, you can set financial goals, find out your net worth, keep track of your cash flow, and keep an eye on your expenses. The main reason why you need money management worksheets is so that you can manage your finances better. Money management worksheet 15 (882.82 KB) Why do you need a money management worksheet? ![]()
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