Now that we are in the paperless society, have you converted to online budget software? There are so many different, yet effective software programs that allow users (you) to really understand your spending habits and see them visually (graphs).
Personally, I created my own budget spreadsheet with excel and I have found it to be very helpful. Microsoft Excel is a very powerful tool, especially when you know what tools and functions to use. I have included many graphs within my spreadsheet, drop down menus, macros, advanced calculations and many other functions, all in the name of budgets. Below is a snapshot of my spreadsheet.
The benefit of creating your own spreadsheet is the ability to mould it to meet your needs 100%. Since I have used my spreadsheet, I am able to compare spending habits over periods of time. For example; I previously talked about my Food cost over the last 6 months.
Other graphs that I have set up within this spreadsheet:
*Fixed Exp. Vs. Variable expenses
*Savings vs. Total Expenses
*Savings vs. Income
I am happy that I have transitioned from pen and paper, to computer software. Not only is it enviro. friendly, I find it to be more motivating and allows you the ability to analyze in depth.