If you feel that your income is never enough to spend for a month. Or you cannot have savings even have been working for years. Maybe you need an excel checkbook register templates to print. One reason that makes people easy to lose their money is that they don’t know exactly how much money they have spent. Here are checkbook register template and how to use them.
Simple Steps To Use Checkbook Register
Using this template is very easy. Simply open it in excel, then print it out. To do the writing routine, you can follow these simple steps.
1. Write Income Per Month
First, after print, this checkbook register excel write your monthly income. Count all your income. For example, if you are a freelance and have more than one job. Count the summary of your fee and write it down.
2. Write The Date Of Transaction
For every transaction you do, make sure to write it. The date is very important because it can tell you when exactly your money run out, and what did you do with that money.
3. Write Transaction Details
The example of transactions is grocery, parks, eat, coffee or many things you do to spend the money. Write all the things you do with your income. Even it cost very cheap. Be disciplined and write it down directly after spending or saving the money.
4. Withdrawal Or Credit
Whenever you withdraw money from ATM or wallet, write it. Give a check mark in this column. Whether it withdrawal or a credit.
This details will help you easier to count the daily expense. Withdrawal means reducing money. And credit means you have more income.
5. Count Balance
After writing all income and expense, you can easily count the balance. From this part, you can analyze how well your money management.
Is it bad or good at the beginning, middle and the end of the month? Then with this checkbook register, everyone will know what waste the money more.
Is it for a good reason or just to have fun and be wasteful? To understand more about the benefit of using this checkbook register next part will talk about it.
Benefit Of Using Checkbook Register
There are a lot of benefits you can get if write every expense clearly. But here are three of them.
1. Easy To Maintain Money
It would be easier to maintain money. After seeing past checkbook register, people will know how well they use the money. They can relate and choose which is a primer need, and which is not.
With this ability, they can list the priority scale to get better in expense. So the wasteful habit will go even slower.
2. Enhance Discipline
They which make a priority scale also learn about discipline. They must try to avoid things that not listed on that scale. And try to organize, so the only primer needs that must they buy with the income.
3. Get The Target
By being careful to spend money, you can get the target. For example, if you want to build a house or buy a car. You should have to save some money to do that.
With disciplining your self and be careful of spending money, the rest of the income that is not used can be transferable for saving. This saving account can be separated from your daily needs bank account. So you will not tempt to use this money.
Download this checkbook register templates in your computer or Android. Then use it to make your notes easier to use. Don’t need to make it with a pencil and ruler.
Simply edit this checkbook register excel templates with Microsoft Excel. After that, you can mark and write down all expense and income easily.
You can place it on the wall or put into your notebook. Place it near you and make it easy to grab. So you will not feel lazy to write down all income and expense.