Everyone does some kind of personal budgeting. Some are unwritten. Personal budgeting is especially important in time of rising cost of living, inflation and economy uncertainty. A written budget spreadsheet provide a guide to know thyself, a plan to manage future financial incomes and obligations, and a road map to achieve financial freedom.
Preparing budget spreadsheet compels oneself to lay down all the existing financial obligations and financial incomes. It calculates the current net worth of oneself and lay down plans to meet all future financial obligations. Rather than chaotic reaction to unexpected financial changes or crises happen to oneself, the budget spreadsheet provides a guide to adjust to these changes systematically. It also highlights how much available net cash one has and how the cash can be invested for maximize returns.
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