Again, this will help you better prepare for the future as you’ll know exactly how much you’ll need to continue running your business or to maintain your current lifestyle.ġ0+ Samples of a Budget in Google Docs Yearly Budget Plan Templateġ. For example, your project budget should have a record of any monthly expenses that you incur, giving you an estimate on the average that you’ll be spending on a monthly basis. Projections: In the long run, you’ll need to have a good idea of just how much you could possibly spend and earn. Doing so will help ensure that you stay on schedule with payments and so that you can adjust you’ll know when to adjust whenever it’s necessary.ĥ. Cash Flow Projection: You should always take note on when certain expenses have to be paid or when your money comes in. Be sure to know how much interest has to be paid as you’ll be including that into your year-end projections.Ĥ. Don’t forget any forms of interest charge that may be included.
Debts: It’s always best that you stay on top of all the debt that needs to be paid. If you’re looking into your business expenses, then you’ll have to look into production costs and everything else that will keep the business afloat.ģ. It’s important that you know just what it is that you have to spend on so that you can manage your money wisely. Expenses: If income is the amount of money that you make, then expenses would be the amount of money that you normally lose.
For example, your household budget includes regular income that you receive from your monthly salary and irregular income that comes from the payment of your freelance jobs.Ģ. It’s important to take note of all the different types of income that you receive on both a regular and irregular basis. Income/Revenue: You’ll have to know just how much money your or your business make within a certain period of time.