Home budget printable9/26/2023 ![]() Subtract the amounts from the checking account register page.I update my budget sheet with the “cash” to each category.But when I do, instead of using the little ledger that comes with a box of printed checks, I keep track with a full page checking ledger in my notebook along with my budget sheet. Because I pay my bills online, I hardly ever need to write a check. Our check is automatically deposited straight to our checking account. ![]() To keep up with everything, I like to “balance” or reconcile my checking account and my budget ledger weekly, but at the very least, be sure and do it every paycheck.įor myself, I keep the printable budget ledger in a 3 ring binder with my checking ledger. When you’re first starting out with this way of budgeting, if you can, it’s good to have some cushion money in the account you pay your bills from because, the timing may be off from when you start budgeting this way to when a bill is due, and you may not have enough money built up in that category to pay the bill in full yet. So if I wanted I could subtract the extra from the electric category to make a zero balance in cable, or if I know that sometimes my cable bill is lower than $100, I could just wait till it evens out, if there’s a cushion of cash in the account. The cable bill was a little higher than estimated. You can see in the example below that after the mortgage was paid for the month, there was $2 left in that category till the next paycheck. Whether you use a debit card, checks, or online bill pay, when you buy or pay something, you will subtract it from the matching category on your budget sheet and your checking account. That way when they’re due, the money is set aside in your account and available. Since theoretically you get paid 2 times a month, you would divide that by 2, which means you assign $50 out of each paycheck to go towards taxes. If the mortgage is $1000 a month, and you get paid twice a month, you would designate $500 out of each paycheck for that bill.įor other bills like real estate taxes that may be due twice a year, you can take the amount you would pay every 6 months, in our example $600, and divide that by 6 which would be $100 a month. So for each monthly bill, you would divide the amount needed by 2, and take that amount out of each of the 2 monthly paychecks. On the example, the net pay for one out of two paychecks a month is: $1600 ($3200 for the whole month).
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |