Posted: 26-Aug-2023, Last updated: 01-Sep-2023
Budget Templates
A budget template is like a ready-to-use plan for managing your money. Imagine it as a blueprint that helps you organize where your income should go. It's a simple tool that already has categories for things like how much you earn, what you spend, and what you save. Instead of making a new plan from scratch each time, you can use a budget template to make things easier. Using a budget template is a bit like following a recipe – you have all the ingredients (your income and expenses), and the template tells you how to mix them together to create a balanced financial plan.
Utilizing Budget Templates in the My Budget App
My Budget App offers a selection of sample budget templates that can serve as foundations for creating new budgets. During the sign-up process, you have the option to choose from these sample templates to kickstart your initial budget. Additionally, you can use your existing templates to create new budgets.
Here are a few illustrations of these budget templates:
incomes:
Net Salary
Rental Income
Other Income
expenseGroups:
Home:
expenses:
Home Loan Repayments
Strata fees
Rent
Other home expenses
Bills:
expenses:
Local Council Rates
Water Rates
Electricity/Gas
Home Telephone/Internet
Mobile
Cable Television
Other bills
Transport:
expenses:
Public Transport
Petrol
Parking
Car Registration
Car Insurance
Third Party Insurance
Car Servicing/Maintenance
Other
Entertainment:
expenses:
Holidays
Restaurants, takeaway
Sports / hobbies / memberships
Gifts (xmas, birthdays)
Other leisure/entertainments
Insurance/Super:
expenses:
Health
Superannuation
Home and Contents
Other Insurance
Living Expenses:
expenses:
Groceries
Clothes/Shoes
Education
Child care / school fees
Haircuts
incomes:
PartTime Job
Allowances
expenseGroups:
Education:
expenses:
Tuition
Textbooks
Lab Fees
Housing:
expenses:
Rent
Utilities
Internet
Renters Insurance
Transportation:
expenses:
Public Transit
Gas
Maintenance
Food:
expenses:
Groceries
Dining Out
Meal Plan
Entertainment:
expenses:
Movie Tickets
Streaming Services
Hobbies
incomes:
Salary 1:
Salary 2:
expenseGroups:
Housing:
expenses:
Mortgage
Utilities
Home Insurance
Transportation:
expenses:
Car Payments
Gas
Car Maintenance
Food:
expenses:
Groceries
School Lunches
Childcare:
expenses:
Daycare
Extra curricular Activities
Activities:
expenses:
Family Outings
Family Vacation
incomes:
Business Revenue
expenseGroups:
Business Expenses:
expenses:
Inventory
Equipment
Marketing:
expenses:
Advertising
Website Maintenance
Overheads:
expenses:
Staff Salary
Office Rent
Utilities
Insurance