#FREE ENVELOPE EXPENSE TRACKER PRINTABLE HOW TO#

Once you have your total budget, compare it to your earnings. Add in any expenses that you know you have throughout the year that were not included in your budget. If you are checking your expenses from January to June but have many expenses in December for Christmas gifts, then add those too. Record every expense in the relevant category. If you would like to use different categories then choose a Word or Excel template and edit the category names. Our budget sheet template printables include some standard categories for home expenses. Go through every transaction in your bank account, your checkbook, and your credit card statements. Go back six months and check how much you spent each month. Our budget templates will come in handy for this step. List your Expensesīefore you start, you have to set a budget. the amount you can actually spend or save). Make sure that this income is after taxes (i.e. List all sources of income and calculate your total income. If you don’t want to use actual cash envelopes you can use apps that digitalize the cash envelope system (see below). Add anything you personally can do to cut back on your expenses.

There is also a goal sheet with the things you are going to do to cut back on.

Read this when you are frustrated and forget why you are doing this. Our cash envelope planner includes a worksheet with the reasons you want to improve your financial situation.

This will prevent impulse purchases or spending more than you have budgeted for groceries. For example, if you take your groceries envelope with you when you go grocery shopping and leave your credit card at home, you will not be able to spend more than the amount of cash in your envelope. The envelope budgeting system is a great way to prevent overspending.

#FREE ENVELOPE EXPENSE TRACKER PRINTABLE HOW TO#

How to get started with the cash envelope system

Free envelope expense tracker printable