It is important to be consistent and stay on top of your budget, it is the first step towards improving your personal finances. Now you know how to draw up a budget like a pro, and you’ve got the budget templates (tailored for South Africans) to do it. Repeat the budgeting process as often as necessary to stay on top of your budget.Try and make these transfers as soon as possible to ensure that your spending doesn’t affect the original amounts. After entering your income and your budget for your expenses, follow the “pay yourself first” rule, and allocate your savings.Use your banking app or statements to get an idea of how much you usually spend in each category. Now, you can continue to plan your budget for each of your expenses.Unlike the other budget template that compares planned and actual spending, this template allows you to plan your budget according to changes in your income or expenses month-over-month – so start by entering your income amounts next to the relevant category under the applicable month.For this template, we recommend renaming it by including the year in the name.Download the budget template using the link above.See if you can add it to your debt repayment to get out of debt faster □ Decide where you want to put your savings.Compare your planned and actual spending to see where you need to make adjustments and.
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