![]() Having this sort of structure has allowed me to know in advance what I can say yes to and what I have to decline. Having a budget allows you to know how much you can spend that month on everything from groceries to activities with friends. I just pull the money from that emergency category and supplement the rest of that expense from my general emergency savings account. Since I've been doing that, it's allowed me to feel less pressure and anxiety if something happens that I didn't plan for. While we can't predict what might happen during the month, putting aside a few hundred dollars for any pop-up or last-minute expenses can help you stay true to your budget. I never had an emergency category in my budget, so whenever something happened that I didn't plan for (a health bill, a home repair, etc.) I would get frustrated and abandon the budget. The lesson: Stay strict with the amount you've budgeted for that month, but be more casual about where exactly that money is going. I sit down every Sunday and move allocated money around based on my spending needs for that month. Even if you use someone else's budget worksheet, you still have to adjust categories based on what applies to you and also audit your spending so you know how to make the plan personalized for you. The art of creating a budget is not only a process, it's also something that can be super time-consuming. Some months, I spend more and save less, and others, I do the reverse. Every single month, the amount I budget to spend varies. I not only did that but I also made sure to plan my budget around what I knew would pop up that month. After that, you can adjust the budget to reduce spending in certain categories to help you save more. Setting a budget that is in line with your current spending is a good way to get on track and organized. Rather than try to fix two habits (overspending and not sticking to a budget), my friend taught me to pick one goal at a time. As you fill in the free Excel budget calculator spreadsheet, tips will alert you to areas of your spending plan that may be cause for concern. ![]() It was always at least 25% less than what I had spent in the months before. Free Excel Budget Calculator Spreadsheet for Canadians Personal Help to Create a Budget and Deal with Debt. ![]() One of the biggest mistakes I routinely made when I tried to budget was vowing to spend a certain amount each month that just was not realistic. ![]()
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