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Guide To Financial Budgeting - Excel Models Included

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					Guide To Financial
Budgeting
8 Easy Steps for Personal Use




2010


                                *Excel Models Included*
                   FINANCIAL BUDGETING




Table of Contents

Introduction……………………………..…………………………………………………………… Page 3



Budget Steps…………………………………………………………………………………..………Page 4

       Step 1: The Summary…...……..……………………………………………………………. Page 4

       Step 2: The Objectives……………...………………………………………………………. Page 4

       Step 3: Gather Financial Statement..…...…………………………………………………….Page 5

       Step 4: Record Your Income………………..………………………………………………. Page 5

       Step 5: Record Your Expenses………….……..……………………………………………. Page 6

       Step 6: Input Data in Excel.………………………..…….…….………………………. Page 7 & 8

       Step 7: Adjustment………………………...…………...…………………………………….Page 9

       Step 8: Assumptions Made…………………...……………..………………………………. Page 9



Conclusion ……………………………………………………………..…………………………. Page 10




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                   FINANCIAL BUDGETING
Introduction:

        In these tough economic times, people need to review their finances. Budgeting is
important no matter the situation a person is in their lives; whether they are changing careers,
just been laid off, have a new born, or kids going off to college. To achieve financial security
you should follow the steps and tools stated in this guide. “Budgeting” nowadays is viewed as a
negative word, and most people fear sitting down to structure their finances. Most connotations
associated with the word budgeting, implies „restriction‟ „no more spending‟ „constraint‟ or
„limited,‟ but that is not true. Think of budgeting as a spending plan, a way to get control of your
finances. By thinking of budgeting in positive ways, you will be able to relieve some of the stress
associated with planning.


This guide is meant to help you create a budget for your personal and business use. Performing a
budgeting lies at the foundation of every financial plan and by constructing a budget worksheet,
it will allow you to make prediction about where you or your company will stand financially in
the future.


With the help of this guide you will be able to plan your future, whether you are moving,
purchasing a home, changing careers or jobs, or making other major changes in your life. Budget
planning is essential to a successful future.




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                   FINANCIAL BUDGETING

Budget Steps:

Step 1: The Summary
       The beginning of the budget planning should include a summary that gives the „big
picture’ and highlights the key information in the budget planning. You want to tackle budgeting
the right way, so you will need a very well defined plan. Below are s
				
DOCUMENT INFO
Description: ** Financial Budgeting with Excel Models ** A comprehensive guide to self financial budgeting, this document goes through eight different steps to help the individual fill out their budgeting plans. It also includes an easy guide on constructing an excel worksheet that will allow the user to easily access and change their inputted data. This guide can be use for personal and business owners. It will help the user figure out their goals and objectives.
This document is also part of a package Business Planning Starter kit 22 Documents Included