- Budgeting & planning to save
I am Vathani Ariyam, author of this online course Budgeting & Planning to Save. I know learning about budgeting is crucial for personal life and business. A budget is a beautiful tool to manage your finances, and many people think the budget is not for them. If a budget done correctly is the most accurate tool for analyzing your investments, it answers two questions that we all have all the time.
Do I spend more than I earn?
What can I afford to spend?
A budget is crucial for people who are short of money and those with lots of money in their bank accounts. It helps you keep track of your finances and allocate capital in the best way that saves your money.
So, now I believe that you understand the importance of setting a budget. Therefore I want to hear about your experience with managing money?
What do you struggle with?
What do you hope to achieve?
What do you love and hate?
What have you wanted to overcome but haven’t been able to overcome?
I know you are busy and have the expertise in managing money. However, if you like this online course, I would appreciate your feedback and hope you will purchase this course as well.
| Home Business Budget | ||||||||||||||
| January | February | March | April | May | June | July | August | September | October | November | December | Total | ||
| INCOME | £ | £ | £ | £ | £ | £ | ||||||||
| Sales | 500 | 750 | 1000 | 1250 | 1750 | 2000 | 2500 | 2750 | 3250 | 3500 | 4000 | 2500 | 25750 | |
| Less | ||||||||||||||
| Cost of sales | 100 | 125 | 150 | 75 | 200 | 225 | 250 | 200 | 300 | 250 | 400 | 350 | 2,625 | |
| TOTAL | 400 | 625 | 850 | 1,175 | 1,550 | 1,775 | 2,250 | 2,550 | 2,950 | 3,250 | 3,600 | 2,150 | 23,125 | |
| EXPENDITURE | ||||||||||||||
| Salaries | 200 | 204 | 208 | 212 | 216 | 221 | 500 | 500 | 600 | 700 | 700 | 800 | 5,062 | |
| Training | – | |||||||||||||
| Consultancy | – | 300 | 300 | |||||||||||
| Travel | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 59 | 60 | 61 | 62 | 671 | |
| Premises | – | 400 | ||||||||||||
| Rent/ | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 6,000 | |
| Heat & Light | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 59 | 60 | 61 | 62 | 671 | |
| Water | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 240 | |
| Equipment Hire | – | 250 | 250 | |||||||||||
| Insurance | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 240 | |
| Telephone | 20 | 20 | 21 | 21 | 22 | 22 | 23 | 23 | 23 | 24 | 24 | 25 | 268 | |
| PPS | 100 | 125 | 225 | |||||||||||
| Computer Mtce | 600 | 600 | ||||||||||||
| Bank Charges | 12 | 15 | 15 | 20.00 | 62 | |||||||||
| TOTAL | 872 | 866 | 873 | 995 | 886 | 1,493 | 1,475 | 1,193 | 1,531 | 1,508 | 1,806 | 1,489 | 14,588 | |
| Surplus/deficit | – 472 | – 241 | – 23 | 180 | 664 | 282 | 775 | 1,357 | 1,419 | 1,742 | 1,794 | 661 | 8,537 |
