Explore Monthly Budget Templates in Budgeting Apps

Managing your finances can be simplified with the right tools. In this article, we’ll explore various monthly budget templates available in popular budgeting apps, helping you choose the best one for your needs.
By Jamie
  • Income Sources: Enter your total monthly income from all sources.
  • Expense Categories: Create categories such as Housing, Groceries, Transportation, and Entertainment.
  • Setting Limits: Assign a limit to each expense category based on your previous spending habits.
  • Tracking: The app automatically tracks your expenses and compares them to your budgeted amounts.

2. YNAB (You Need A Budget)

YNAB is designed to help you allocate every dollar you earn. Its monthly budgeting template includes:

  • Income Allocation: Log your incoming funds for the month.
  • Budgeting Goals: Set specific goals for categories like Savings, Debt Repayment, and Everyday Expenses.
  • Adjustable Categories: You can easily move funds between categories as your spending needs change throughout the month.

3. EveryDollar

EveryDollar offers a straightforward way to create a zero-based budget:

  • Monthly Income: Input your total monthly income at the top.
  • Expense Line Items: List out all your expenses line by line, ensuring they equal your total income.
  • Plan and Track: Check off expenses as you spend, allowing for real-time tracking.

4. PocketGuard

PocketGuard focuses on showing you how much disposable income you have left after accounting for bills, goals, and necessities:

  • Link Accounts: Connect your bank accounts for automatic updates.
  • Create a Budget: Set limits on discretionary spending categories.
  • Savings Goals: Define savings goals to help you visualize your financial priorities.

5. GoodBudget

GoodBudget is a virtual envelope budgeting tool that allows for envelope-based budgeting:

  • Set Up Envelopes: Create envelopes for different spending categories each month.
  • Allocate Funds: Distribute your monthly income into these envelopes.
  • Track Spending: Record expenses as they occur and monitor your remaining balance per envelope.

Conclusion

Choosing the right budgeting app can significantly enhance your financial management. These monthly budget templates provide a great starting point, enabling you to tailor your budget to fit your personal financial situation. By using these examples, you can make informed decisions and keep your finances on track.