Here’s a quick rundown of how to use your template:
Plug in your after-tax income. This is the amount you receive into your bank account on payday. Once you select your pay cycle frequency, your annual income will populate the Total Income field.
Next, enter your expenses remembering to select the frequency of each payment. It’s important to be granular with your reporting to get an accurate understanding of where your money goes currently.
Once you’ve entered your expenses, a figure will appear in the Surplus/Shortfall column. Look out for a follow-up resource that explains how to work this number to your advantage.
Increased wealth here you come!