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The Monthly Budget Tracker calculates your leftover budget after expenses and automatically breaks it into weekly allocations, factoring in savings and recreational goals. Simple, customizable, and keeps you on track financially.
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Step 1: Input Your Income
Navigate to the Income Database.
Add your income sources by manually entering the following fields:
• Source: The name of the income source (e.g., Salary, Freelance, etc.).
• Date: The date the income was received.
• Amount: The income amount for that source.
Step 2: Record Your Expenses
Navigate to the Expenses Database.
Add your expenses by manually entering the following fields:
• Category: The type of expense (e.g., Rent, Groceries, etc.).
• Date: The date the expense occurred.
• Amount: The total amount spent.
Step 3: Calculate Your Leftover Budget
Navigate to the Leftover Monthly Budget Allocation Database.
To properly calculate the monthly leftover budget, you must manually input the Total Income and Total Expenses into their respective fields.
The leftover budget will be automatically calculated once both properties are filled.
Step 4: Adjust Your Savings and Recreational Goals
In the Leftover Monthly Budget Allocation Database, you can customize your savings and recreational goals.
Adjust these goals in their respective fields to better reflect your financial priorities for the month.
Step 5: Manage and Track Your Budgets
Use filters or views in the Income and Expenses databases to focus on specific time periods, such as monthly tracking.
Review your Leftover Budget Allocation regularly to ensure you’re meeting your goals.
Step 6: Additional Tips
• Use the customizable fields in the Leftover Budget Allocation table to plan your financial goals.
• Update the databases as income and expenses occur to maintain an accurate budget.
• Add your own progress trackers or widgets to enhance visibility into your financial progress.
By following these steps, you’ll have a clear and actionable way to track your income, expenses, and financial goals effectively. 🚀
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