The Budget for Inflation worksheet is used to calculate the amount considering the rate of inflation that would add each year. Summary: displays the summarized results for annual retirement income required, estimated incomes and the shortfall.We must set aside an augmented budget for prescription drugs and medical insurance. Medical Expenses: as we grow old, our heath declines.Daily Living Expenses: this section lists many day-to-day type expenses, such as groceries, entertainment, utilities and telephone.Personal Expenses: this section records information for managing your expenses, such as grooming, clothing, holidays, auto-expense, auto insurance and others.Housing Cost: describes the housing related expenses, such as rent, maintenance, repairs, insurance and real estate taxes. ![]() Retirement Income Sources this section lists the possible sources from which the income would be earned at the time of the retirement, such as Social Security Income, Company Pension, Investments, Rental Income, Annuity Income and other retirement plans. ![]() The following sections are there to record information in an organized manner: Net amount for each section is also maintained separately. The sheet has sub-sections to record the expenses on a weekly, bi-weekly, monthly, quarterly and annual basis. Enter your Today's Age, Age of Retirement and the sheet automatically calculates the years available to plan for the retirement. The first section helps to calculate the Number of Years available for us to plan the retirement. The Retirement Budget sheet is broken into various sub-sections to record different types of spending and earnings. You should seek the advice of qualified professionals regarding your Retirement Savings. Disclaimer - This template is for educational purposes only. It helps you to have control over your financial future. The expenses can be assessed on a daily basis and a decision could be taken immediately to avoid any unnecessary expenses that would hinder the process of saving or would hinder your budget in the long run. Weekly Budget Plan helps you achieve your savings targets. What is the importance of a Weekly budget? The value would be achieved if the budgeted goals have been attained for the expenses that are incurred during the week. The Projected End Balance is the amount of money you can save in a week from your income. What does the "Projected End Balance" value mean? ![]() The Net Balance is calculated by subtracting the Total Expense from the Total Income and adding the Starting Balance to it. The Net Projected End Balance for all the weeks of the current week is also calculated automatically in this spreadsheet. The Bi-Weekly spreadsheet gives a summary of the Budgeted Amount and the Actual Amount on a bi-weekly basis. Furthermore, the Weekly Budget Template has various heads and associated tables for every subcategory. The spreadsheet maintains the record of each penny spent during any week. The Projected End Balance of difference for the current week is carried forward as the Starting Balance of the following week. The template also provides the details of Month to Date income and expense values. It also helps you make better decisions on your weekly and bi-weekly savings and expenditures. The weekly and bi-weekly analyses help you get a better idea of the overall budget targets and the amount that you are able to save. The net value of each sub-table is calculated separately. You can also get a detailed projected and end balances, and the difference between the two. The sheet provides a weekly budget summary table that offers details of the Starting Balance, Total Income and Total Expense, and the net income and expense specifics. The various categories of the income are: The spreadsheet Weekly Budget records the details of all the income sources and the amount received through each source for a current week. This sheet should be regularly updated to keep track of the actual expense incurred under each head. Also allocate a budget for every type of expense at the start. How to Use Weekly Budget Spreadsheetīegin by downloading the template and recording your income details. It is strongly advised to consult the qualified professionals regarding financial decisions. Disclaimer - The spreadsheet and information on this page is intended for educational an illustrative purposes only.
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