#1 Use a spreadsheet
It’s a good idea to have a written record of your budget, which you can refer back to and adapt as needed. I use an excel spreadsheet, as it’s versatile enough to allow me to change my spending plans when necessary. On this, I record the nature of the cost (e.g. rent), the amount, frequency of the payment and whether it’s money going in or coming out, so I have a clear overall picture of my finances. Continue reading “Seven Handy Tips for Budgeting Your Finances”