Budgeting is important for everyone to track finances and ensure money is being allocated appropriately. Creating a budget in an Excel spreadsheet makes it easy to input monthly income and expenses to see the results. Budgeting should start now so money can be set aside for the future and earn compound interest over time. Maintaining a budget ensures you will not overspend, spend money efficiently, pay all bills, and save for later. The easiest way is to use an available Excel template, fill it in with expenses each month, and have an active report of spending and savings.

1. Budgeting
Alexander M

2. What to think about
• The purpose: budgeting is to ensure that you
are allocating your money appropriately
• The benefits: included throughout this
presentation

3. Who should have budget?
• Everyone!
• No matter what your age it is important to
track your finances
• This will ensure you are not over spending
• It will also allow you to clearly see how much
you are setting aside to ensure you have
enough money to spare down the road

4. Where
• The easiest place to create and manage your
budget is through an excel spreadsheet
• Just input your income and expenses monthly
and it will show you the results

5. When should you start to keep a
budget?
• NOW!
• It is important to budget as soon as possible
• This will allow you to ensure you are setting
aside money for later as soon as possible
• This will lead to more money earned in
compound interest

6. Why?
• Budgeting ensures 4 things
• 1. You will not overspend and run into debt
• 2. Maximizing income spending efficiency
• 3. You are paying off all bills
• 4. You are saving money for later

7. How to have Budget
• The easiest way to keep track of your budget
is through an excel spreadsheet
• Download an available template with possible
expenses
• Fill it in
• You have your monthly spending and savings
report
• This will allow you to have an active budget