Budget Templates


Posted: 26-Aug-2023, Last updated: 01-Sep-2023

Budget Templates

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

Recent Posts