Monthly Budget Planner

Monthly Budget Planner should be the most important part of any family .We usually ignore to make a monthly budget of our family . We must plan the monthly expense according to the expected income for the month and must focus on at least saving 20 % of our Monthly income for future retirement planning and any emergency that might occur .

We must start with keeping aside the 15 % of the income as saving for future as said above and try to save extra 5 % by avoiding unnecessary expense .

Then make the list of the expense on basis of priority :

S No	Expense Head by Priority 5 * Most Important 1 * Least Important
1	HOUSING *****
2	FOOD ****
3	SAVINGS OR INVESTMENTS *****
4	TRANSPORTATION ***
5	INSURANCE *****
6	PERSONAL CARE **
7	ENTERTAINMENT **
8	TAXES ****
9	LOANS *
10	LEGAL ***
11	PETS **

Preparing for the Budget before the start of the month will help you to save more and reduce unnecessary expense .

I am giving below the sample Monthly Budget Planner which you can use to plan your Budget.

https://docs.google.com/spreadsheets/d/16sB3Sjk2rcJMLpf-m4kc62_b8cu6rDptJgp_GmgIe64/edit?usp=sharing

In the end at least save 20 % of your Monthly Income . ” A Rupee saved is a Rupee Earned “.

Many Professional Financial Advisors like : http://myfindoc.com can help you in Investment and Planning.

Best of Luck .

Also Read :

SIP in Gold : https://financeloaninsurance.com/sip-in-mcx-1-gram-gold-petal/