Remember that a budget spreadsheet is there to help you achieve your end goals, so be sure to list them.Īt, our goal in offering a free budget planner spreadsheet is to give everyone in Australia the opportunity to find ways to save money, set realistic goals, and then build them into a budget to show how they can be achieved.Ĭongratulations! The hardest part of the setup process is over, so give yourself a pat on the back. List the goal, the due date and implement a plan to start reaching your goal – step by step. Whatever the reason, be clear when writing your budget goals. What are your long-term financial goals?.Are you saving for your children’s education?.Are you starting a budget to pay off your debts faster?.Questions to ask yourself when writing goals: Looking to deposit some money into a high interest savings account or term deposit to earn compound interest and grow your savings? Our free Compound Interest Calculator can be used to help you plan your long-term financial goals. If your budget spreadsheet tracks your goals clearly, you are constantly reminded of why you are budgeting in the first place.Įven if your goal is just to get better control of your finances and save a little extra each week or month, any sort of budgeting goal will keep you on track. Financial goals may not seem like a vital part of the budgeting process, but listing your budgeting goals will keep you motivated. This is what you want to achieve and when. You should now have a complete list of your income and expenses, which we’ll use to fill in the spreadsheet in the creating your budget section. These spending patterns and behaviours can be called ‘spending leaks’ - we’re going to change your mindset to look at these instead as ‘opportunities to save’. It will also help you identify spending patterns and behaviours that could be better managed to save money.
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