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