![]() ![]() ![]() On the other hand, variable expenses may change from month-to-month. For example, a mortgage, car payment, and insurance premiums are all fixed expenses. Fixed expenses are costs that must be paid each month and will be the same each time. Monthly Expenses: Expenses can also be divided into fixed and variable categories.You’ll update the template with actual information later and can adjust spending if needed, but estimating income will help you know how much you’ll have to spend on expenses. When creating your budget, we recommend estimating the amount you can expect from fixed and variable sources each month. For example, dividends you receive from investments can vary each month based on the performance of those investments. Variable income may be different month-to-month, and some months you may not get it at all. The amount of money you get from these sources should be the same each month. Fixed income is the total amount of money you get from fixed sources like a pension, annuity, social security, or Medicaid. Monthly Income : Your monthly income represents the amount of money you have coming in each month, which can be broken down into fixed and variable types. ![]() The template is broken down into two categories, read below for more information about each: Our budget template is easy to use, simply make a copy of the digital sheet or print it out and fill it in with information about your income and expenses. ![]()
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