It means if something unexpected happens, like an emergency car repair, you could overdraw your bank account. Living paycheck to paycheck means you have $1,000 (or less) in savings. If you’re living paycheck to paycheck though, using a budget calendar is essential. It’s free to use, easy to follow, and it can help reduce financial stress. This will help you remember to include these extra expenses in your budget, such as buying a gift for a baby shower or setting aside money for a family dinner party.Īnyone can benefit from using a budget calendar. You’ll want to include any special events, holidays, or birthdays on your budget calendar. Special events or holidaysĮach month will look different depending on the time of year. This can be a great way to save up for a wedding, a vacation, or build your emergency fund. If you manually transfer money to your savings account, then list the days you plan to do this on your budget calendar too. If you have automatic savings contributions set up, schedule them in your budget calendar so you’ll know when money is automatically withdrawn from your account. When you have your bills and their due dates listed, you can decide which paycheck will cover each and every bill. Make a note of all your regular monthly bills on your budget calendar, such as your rent / mortgage and cell phone bill.Īlso make note of irregular expenses that are due during this month, such as yearly subscription charges. This will allow you to visually see which days you’ll get paid and when money will be flowing in. Include your paychecks on your budget calendar, including other income sources. Here’s a few things that you may want to include in your budget calendar: Income It can be used as a calendar for paying bills and other financial obligations. The purpose of a budget calendar is to keep track of all payment amounts and when their due dates. What is the purpose of a budget calendar? How do you create a monthly budget for a beginner?.How to use your budget calendar throughout the month.What if I can’t pay all my bills with just one paycheck?.Highlight the expenses and spending that will be covered by each paycheck.Assign each payday or pay period a different color. ![]() ![]() List your monthly bills and their due dates ![]()
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