Over the past six months, we've explored the essentials of budgeting: categorizing expenses, creating separate budgets, setting up dedicated accounts, exploring apps, and managing irregular expenses. The attached template consolidates these strategies into a Master Budget to:
Consolidate Categories: Merge fixed, variable, and infrequent expenses into a comprehensive overview.
Establish Minimum Balances: Define minimum balances for each category.
Track Spending: Using budgeting apps and dedicated accounts to monitor monthly expenditures against budgeted amounts.
Feel free to personalize the Excel template provided as you integrate the budgeting solutions we've developed over the last few months. If you find it useful, please give a shout out to the template creator and my mentee, Modeste Kpadonou from Benin, Africa.
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