How to use a planner for finances

Hello Deskorators,

Planners are amazing when it comes to keeping hold of all our private information, including our finances. Below, we can look at how you can use your planner to help you manage your finances better.

When using a planner to plan your financial situation, it is firstly important to understand that everyone’s financial situations are different. It is very easy to get caught up reading blog posts and watching videos and seeing how much someone else is earning, or how much they are spending on different things. So, firstly, stop everything. Breathe in and out and forgive yourself for being too harsh on yourself. 

Secondly, work out how you need to plan. Some are paid and need to budget daily, some weekly, some fornightly and some monthly. Try to create a form of budgeting plan that will help you the best. In this blog post I will use a monthly/4-week period as this seems to be the most common form of income type. 

When it comes to budgeting, it is important to list out how much is coming in, when it is coming in, and then what has to be spent. Always note down your “pay day” as this will allow you to visually reset your budget plans (not to mention it is always a nice surprise!). If you can, try to set up direct debits so the same amount gets taken out at the same time every month, this will allow you to set up a budget much easier! 

How you budget is then up to you. Many like to use a monthly calendar when it comes to budgeting as you can see the whole month in one go and put money aside when needed. Many also love to use note pages and create lists of all of their outgoings or bills such as rent or mortgage, utilities, phones etc, note the date and tick it off once it has been done! 

Once you know how much you have coming in and how much that needs to go out for your essentials (your bills and outstanding loans or credit cards), you can then work out how much you have left over. This can be separated out and tracked however you like to. Some simply take money out, put it in a cash envelope and not worry about tracking it. Others, like to use categories such as entertainment, beauty, eating out, hobbies etc and give themselves a set allowance for each. Much like your entire budget planning process, how you use your money and plan to use it, it completely up to you. 

An important note to take away from this is to always make sure that you know how much you have incoming and when, how much is going out and when for essential requirements and bills, and how much that leaves you. 

I would like to end by suggesting that you always go back and see how you have done. Setting up a budget is amazing, but you won’t know if you have stuck to your budget or how much you have saved unless you go back and work through it. How do you track your finances in your planner?

Until next time…

Amy x

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