![]() Variable expenses are items that change amount each month and fixed expenses are items that are the same cost each month. You may also want to split your expense list into one column for variable expenses and a separate column for fixed expenses. Make sure to look through your statements carefully and record every expense accurately. These are expenses that nearly everyone has, you will probably have more to add. The list might include some or all the following: Thanks to the help of your financial statements, you should be able to write a list of every expense that you have. Look at your earnings for the last year and choose the lowest-earning month as the income you will use for your budget. If you are self-employed, a freelancer, or work a side hustle, then you may earn an irregular income. Remember to add other forms of income including Social Security and child support. If you are employed and taxes are deducted automatically, your take-home pay will cover this. Next, add up your total income from all sources. Financial statements you might need include: Make sure you download any digital statements as well. You may have lots of paper statements, but don’t forget that some are online only. Making sure you’ve got every document to hand before you begin means you won’t forget anything. The first step you must take before putting together a budget is to get all your financial statements together. To create a financial budget that works for you, there are a few steps you should follow. You can add or remove columns, rename them, or change the colors. Receipt – Attach a copy of expense receiptsĮvery template can be customized according to your own needs.From – Where the transaction took place.Account – Payment method used for the transaction.Name – The company the expense relates to.You will see that the template has seven columns that can be used for each transaction. Using this premade template allows you to accurately record every expense. To track expenses in Notion you will need to add an Expense Tracker to your workspace or create your own. Every header, tags, and column can be reorganized, renamed, or moved according to how you want to work. You can add cover images, change the text color, and make each block your own. Notion has lots of fantastic features, one of which is that everything is customizable. Now that you’ve created your budget, the next step is to make it your own. Head to the Notion template gallery to browse other options. ![]() There are thousands of templates to choose from covering a huge variety of needs. If you want a template for something else, Notion has got you covered. Select duplicate and it will now be available in your Notion workspace. You can click one of the links above for a free budget template. That’s it! In four easy steps you now have your very own budget setup.
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