BUDGET SERIES: THE NOTEBOOK STYLENovember 26, 2013
Another way of budgeting that i had learned to use is the notebook style. This style of budgeting is highly applicable to those who does not base on salary alone for their source of income and has other way of earnings like a sideline and so on.
In the Notebook Style all that you will need is an old or any notebook that you don’t use and a pen. You can also opt for a mini notebook so you can easily bring the said “Budget Notebook” anywhere at anytime.
- Top row you can write “Expenses Breakdown” and write the month of the year.
- Create 6 columns and divide each column to as follows: Day of the month, Total Cash-in, Expenses, Actual, Remarks.
DAY OF THE MONTHS refers to the date you received a certain money or income.
- Every time there is money going in for you write the date to when you received it, total amount and budget that said money to the different expenses that you have. In this type of budget you can be more specific. See example below.
- Always put a check if you were able to do so in sticking to the budget so you will have a harmonious relying on the notebook budget. Also always note that the total amount in the actual must as always be equal to the total cash-in.
I do hope you find this post informative. Good luck in budgeting!
Izza of SavingsPinay promotes financial literacy for the young and young at heart by providing insights and tips on budgeting, saving, investing and online entrepreneurship. Aside from this blog she also writes at www.izzaglinofull.com, a beauty and lifestyle blog for frugal Pinays and manages, www.izzagevents.com, a wedding and event business since 2011. For inquiries, topic suggestions or future collaborations email her at firstname.lastname@example.org