How do we build a budget that takes into account what is really important to us?
Define our priorities. Each family has its own priorities, and using a “budget preparation tool” can help. In this issue you will define what expenses are important to you and it will serve as a basis on which to build a budget that suits you.
- Break down your income and expenses today. Check the gap between expenses and income.
- Decide which items you can reduce so you can strike a balance between income and expenses.
- In each section, mark the level of difficulty required of you to reduce your spending (“easy,” “hard,” or “untouchable”), considering the amount you’re spending today.
- In the sections where you have decided that you can reduce, you will be required to set a new amount (monthly average) according to which you will manage.
Download the sheet