Personal Budget Freebie & 4 week Financial Detox

FREE Excel Personal Budget Template – Should you have trouble downloading template email me on humairaamoola@outlook.com for assistance.

Budget Spreadsheet Excel – Personal BudgetDownload

Your personal finances affect all aspects of your life so lets begin the new year by arranging our finances and creating a solid financial foundation for ourselves. Paying attention to the small details of our financial lives can give us peace of mind and a sense of financial security.

The 4 Week Financial Detox

Week one:

  1. Identify and list all sources of income

  2. Identify and list all sources of expenses

  3. Automate your bills and monthly savings

  4. Set up frequent budget review dates – “money dates”

Week two:

  1. Identify savings goals: short, medium and long term goals.

  2. Design a workable plan to change your spending patterns to meet your goals

  3. Start saving as early in the month as possible

Week three:

  1. List your debts – Who you owe and how much you owe.

  2. Decide on a debt repayment strategy that you can stick to. I recommend the Snowball Method

  3. Design a workable plan to pay of debt and meet your target debt repayment per month and by year end.

Week four:

  1. Monetize your skills

  2. Consider taking on a part time job even if its temporary or on a seasonal basis to help bring in extra income.

  3. Look for ways to turn your hobbies into a secondary source of income

  4. Create/think of ways in which you can create streams of passive income

Let this be the year that you take charge of your finances and financial future. I hope this helps you on your path!

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