g Text Version
Beauty & Self
Books & Music
Food & Wine
Health & Fitness
Hobbies & Crafts
Home & Garden
News & Politics
Religion & Spirituality
Travel & Culture
TV & Movies

Bored? Games!
Take a Quiz
Rate My Photo

Natural Living
Folklore and Mythology
Distance Learning

All times in EST

Full Schedule
g Unemployment Site

BellaOnline's Unemployment Editor


Personal Budget Worksheet

Guest Author - Lisa McGrimmon

A personal budget worksheet can help you to manage your finances when you're out of work. Particularly when you lose part of your household income, it's important to be sure that you are fully aware of how much money you have coming into your household and how much you are spending.

A personal budget worksheet is a simple personal finance tool that can:
  • Help you to become more organized with your personal budgeting
  • Track your income so you have a clear picture of what you have
  • Track your expenses so you will know exactly what you are spending and where you are spending it
  • Understand the difference between your needs and your wants
  • Prioritize your spending
  • Feel less deprived when you choose not to make a purchase because you realize you have other priorities for your money
  • Think twice before you purchase items that fall into the "wants" category
  • Know where you can cut back on your spending

    There's no hiding from your financial realities when it's all on paper, and that's important if you want to gain control of your household budget.

    5 Personal Budgeting Success Tips

    Prioritize Your Expenses
    If you are suddenly living on less money, there's a good chance you'll need to significantly reduce your expenses. That means, there will be times when you'll need to choose not to purchase one thing so you can have another thing that is higher on your priority list. Getting your priorities in line will help you to separate your needs (you need to keep a roof over your head) from your wants (you want a new magazine).

    Have Realistic Expectations
    Be realistic and reasonable about the amount you'll need to spend on necessary variable expenses such as groceries. You have to eat, but when you're planning your budget, it can be tempting to underestimate your grocery bill or the cost of gas for your car. Do be frugal, but don't set those estimates below reasonable levels or you'll be setting yourself up for failure.

    Remember Quarterly and Annual Expenses
    If you pay for things like insurance or property taxes on an annual or quarterly basis, it's important to factor those expenses into your budget each month. Determine how much you pay each year for those expenses, divide that amount by 12, and set aside that amount each month to cover that expense when it comes due.

    Plan for the Unexpected
    Last weekend my car started to make a strange noise. Today I'm $800.00 poorer. Unfortunately, things like that happen. Cars break down, roofs leak, medical bills crop up. Setting your personal budget so tight that there's no room to account for the unexpected is setting yourself up for failure when it comes to sticking to a budget. Have a plan for dealing with unexpected expenses that arise.

    Spend What You Make Not More
    This principle can be tricky when you've lost your job. If you need to pull back on your spending, take a long look at all of your costs. Remember that no expense is untouchable, just because something is a fixed, monthly expense does not mean it can not be eliminated. You may have grown accustomed to a second phone line, a premium satellite television package or a frequent coffee at the local donut shop. If you need to cut back, your household budget worksheet will help you to look for spending that does not fit with your new set of priorities.

    You can download a simple, free personal budget worksheet at Please note, this worksheet is best viewed with Internet Explorer.
  • Add Personal+Budget+Worksheet to Twitter Add Personal+Budget+Worksheet to Facebook Add Personal+Budget+Worksheet to MySpace Add Personal+Budget+Worksheet to Digg Personal+Budget+Worksheet Add Personal+Budget+Worksheet to Yahoo My Web Add Personal+Budget+Worksheet to Google Bookmarks Add Personal+Budget+Worksheet to Stumbleupon Add Personal+Budget+Worksheet to Reddit

    Money Management Tips
    Save Money on Groceries
    Related Articles
    Editor's Picks Articles
    Top Ten Articles
    Previous Features
    Site Map

    For FREE email updates, subscribe to the Unemployment Newsletter

    Past Issues

    Printer Friendly
    tell friend
    Tell a Friend
    Email Editor

    Content copyright © 2018 by Lisa McGrimmon. All rights reserved.
    This content was written by Lisa McGrimmon. If you wish to use this content in any manner, you need written permission. Contact Corlia Logsdon for details.


    g features
    Explaining Employment Gaps

    Resume Writing Essentials

    How the Economy Impacts Jobs

    Archives | Site Map


    Past Issues

    Note: BellaOnline uses cookies to help provide a consistent user experience. Our advertisers may use cookies to help customize ads. Please contact us with any question about our cookie use.

    Summertime Foods
    Corn on the Cob
    Burgers on the Grill
    Apple Pie


    | About BellaOnline | Privacy Policy | Advertising | Become an Editor |
    Website copyright © 2018 Minerva WebWorks LLC. All rights reserved.

    BellaOnline Editor