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Are you struggling with your finances and living paycheck to paycheck in 2023? Want to stop spending money you don’t have! Then it’s time to take back control of your money.
When I can see the whole picture of my current money situation, I can make better, smarter choices. That’s where a budget binder comes in!
I created my budget binder system, Budgeting Made Easy, to feel more in control of money.
What is a Budget Binder?
A budget binder is a system to organize your finances. It’s not just a budget but my Budget Binder, Budgeting Made Easy, will help you track expenses, organize bills, set financial goals, pay off debt, and plan for the future.
If you’ve ever felt overwhelmed with not having enough money for each bill, paying off debt, and knowing whether you have extra to spend on fun stuff, then you may enjoy the peace of mind that using a budget binder provides.
How does a budget binder work?
A budget binder keeps your finances all in one place. It helps you plan for upcoming bills so you won’t be surprised.
A budget binder also helps you figure out how much money you really have. When you can see how much you make and how much money you need to set aside for bills, then you can make decision based on a budget and real numbers, not on emotions.
What should be included in a budget binder?
A budget binder should include:
- Monthly Budget
- Expense Tracker
- Bill Tracker
- Financial Goal Setting
- Debt Tracker
Budgeting Made Easy is my ebook that guides you through creating a budget and has printable worksheets to help you create your own budget binder!
Here’s a quick guide on creating a budget.
How Do I Organize Monthly Expenses?
In Budgeting Made Easy, I have a Daily Spending Log that has categories and days of the month filled in. All you have to do is write in the amount spent.
Popular expenses to track are groceries, eating out, entertainment, and gas.
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How Do I Use a Budget Binder to Track Expenses?
This is the most important worksheet for me! I use a Bill Pay Checklist to keep track of upcoming bills.
I put bills in order by due date and when each bill is paid, I check them off. For bills due a few times a year, I block off the months so that I can see which month they are due.
How Do I Use a Budget Binder to Pay Off Debt?
My Debt Eraser Tracker (pictured above) is a good place to track debt and your debt payoff progress.
I divide the boxes into 2. The top half shows the amount I’ve paid and the bottom half is the remaining balance.
In the video above, I explain further about how to use the Dave Ramsey Debt Snowball method to pay off debt.
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What Supplies Do I Need for a Budget Binder?
- 1 inch binder
- hole puncher
- paper and ink for printing
- colored pens (optional)
How to Create Your Budget Binder
Go through Budgeting Made Easy and choose pages you want to use. I have blank options for certain pages so that you can fill in your own categories.
Print the worksheets you want in your binder, then hole punch them, and put them in your preferred order.
I like to keep the Checkbook Register and Bill Pay Checklist towards the front of my budget binder, since I use these the most!
How to Use Budgeting Made Easy, Budget Binder
Read through Budgeting Made Easy. After each chapter, I have a challenge for you to complete with corresponding worksheet(s).
I also explain how to use each worksheet in Budgeting Made Easy.
Watch the video above for a visual explanation on how to use some of the worksheets – like the Bill Pay Checklist, Debt Eraser Tracker, Checkbook Register, Financial Goal Setting, and Income Brainstorming Worksheet.
1. COVER PAGE
Place this on your binder cover.
2. MONTHLY BUDGET PLANNER
There are 3 different versionsso you can customize your budget.
3. DAILY SPENDING LOG
Use this to track expenses, easily. There are2 versions, 1 that’s filled in with categories that correspond to the Monthly Budget Planner, and a blank template for you to customize your categories.
4. BILL PAY CHECKLIST
Use this to track monthly bills, how much is due and when.
5. NON-MONTHLY BILLS CHECKLIST
Track bills that come a few times a year.
6. DEBT ERASER TRACKER
Keep tabs on your debt payments and formulate a plan to pay off debt. Watch the video, at the top, to see how I use this Debt Eraser Tracker to pay off debt.
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7. FINANCIAL GOAL SETTING
Set financial goals and plan for the future.
8. ACHIEVING GOALS WORKSHEET
Plan out how you’ll achieve your financial goals.
9. INCOME BRAINSTORMING WORKSHEET
Brainstorm what expenses you can cut and ways to earn extra money.
10. CREDIT CARD TRACKER
Store your username and passwords all in one place. This is handy if you have multiple cards.
11. CHECKBOOK REGISTER
This is a cuter way to track your checkbook activity.
Where Can I Get Budgeting Made Easy?
Go to Budgeting Made Easy to buy my ebook and printable worksheets to help you create your own budget binder. Also, check out my new digital budget planner, Budgeting Made Easy Digital.
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3 Comments on The 2024 Budget Binder That Will Transform Your Finances
Good morning, I want to know if you can fill my budget amount on the ebooks and then print it later. I do not want to fill the budget amount manually on the budget papers. Regard Leon
Reply
I think you may able to write in it on an iPad app like Good Notes, but I haven’t tried it.
Reply
Hi Leon,
These printables can be used in GoodNotes, with an iPad and Apple Pencil. You can write in the printables and then print them from there. Hope that helps.
Reply
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Expert Introduction: As an expert in personal finance and budgeting, I have extensive experience in creating and implementing effective budgeting systems to help individuals take control of their finances. I have a deep understanding of the principles and strategies involved in budgeting, including the use of budget binders and related tools. My expertise is demonstrated through practical application and a thorough understanding of the concepts and techniques involved in effective budget management.
Budget Binder and Related Concepts:
Budget Binder
A budget binder is a comprehensive system designed to organize and manage personal finances effectively. It goes beyond traditional budgeting by providing tools to track expenses, organize bills, set financial goals, pay off debt, and plan for the future. The primary goal of a budget binder is to provide individuals with a clear and organized overview of their financial situation, enabling them to make informed and strategic decisions about their money management. The system typically includes various worksheets and trackers to facilitate financial organization and planning.
Expense Tracking
Expense tracking is a fundamental component of a budget binder. It involves monitoring and recording all expenses, including daily spending, bills, and non-monthly expenses. This process allows individuals to gain a comprehensive understanding of their spending habits and financial commitments, enabling them to make adjustments and prioritize their expenses effectively.
Bill Tracking
Bill tracking within a budget binder is essential for managing monthly and non-monthly bills. It involves creating a checklist to monitor upcoming bills, their due dates, and the amounts owed. This helps individuals avoid surprises and plan for their financial obligations in advance .
Financial Goal Setting
A budget binder includes tools for setting and tracking financial goals. This involves identifying specific objectives, such as saving for a major purchase, building an emergency fund, or paying off debt. By establishing clear financial goals, individuals can align their budgeting efforts with their long-term aspirations and track their progress over time.
Debt Tracker
The debt tracker component of a budget binder is designed to help individuals manage and pay off outstanding debts. It provides a structured method for monitoring debt payments, tracking progress, and implementing strategies such as the "Debt Snowball" method popularized by financial expert Dave Ramsey.
Supplies for Budget Binder
Creating a budget binder requires specific supplies, including a 1-inch binder, a hole puncher, paper and ink for printing, and optionally, colored pens. These supplies are essential for assembling and customizing the budget binder with the necessary worksheets and trackers.
Using Budgeting Made Easy
"Budgeting Made Easy" is an ebook that serves as a comprehensive guide for creating and utilizing a budget binder. It provides printable worksheets and instructions for organizing personal finances effectively. The ebook offers guidance on selecting and using the appropriate worksheets, such as the Daily Spending Log, Bill Pay Checklist, Debt Eraser Tracker, and Financial Goal Setting tools.
In summary, a budget binder is a powerful tool for individuals seeking to take control of their finances and make informed decisions about their money. It encompasses various components, including expense tracking, bill tracking, financial goal setting, debt tracking, and the use of specific supplies to create and maintain the binder. "Budgeting Made Easy" serves as a valuable resource for individuals looking to implement a comprehensive budgeting system using a budget binder.
