Providence Financial Solutions

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Budgeting

Analyze, track and manage your money

“If you fail to plan, you plan to fail”” – Benjamin Franklin

A budget is simply a WRITTEN RECORD of the income and expenses that you EXPECT to have for a given period of time.

Many people cringe at that word but a budget is just YOUR plan to save, give, or spend YOUR money.

“If you fail to plan, you plan to fail”” – Benjamin Franklin

A budget is simply a WRITTEN RECORD of the income and expenses that you EXPECT to have for a given period of time.

Many people cringe at that word but a budget is just YOUR plan to save, give, or spend YOUR money.

“A budget is telling your money where to go instead of wondering where it went.” – John Maxwell

A budget is the most effective way to understand your money and to control spending habits.

Zero based budgeting is the most effective way to budget your money on a monthly basis.

People who are wealthy attribute their #1 reason for financial success to creating and sticking to a budget.

“A budget is telling your money where to go instead of wondering where it went.” – John Maxwell

A budget is the most effective way to understand your money and to control spending habits.

Zero based budgeting is the most effective way to budget your money on a monthly basis.

People who are wealthy attribute their #1 reason for financial success is creating and sticking to a budget.

an infographic on recommended budget percentages These are recommended budget percentages by category.

Tithing / Charitable Donations10%
Savings10%
Food15%
Rent25%
Utilities10%
Trans10%
Entertainment5%
Clothing5%
Fun money5%
Miscellaneous5%
Total100%

best practices

Our clients have the best results using the recommendations below.

  • Prepare your budget every month before the month begins.
  • Budget all income down to the last cent. This is also known as zero based budgeting.
  • If you have an irregular income, use the lowest income month as your baseline. Any additional earnings should be budgeted in order of priority.
  • If you are legally married, you and your spouse should work on the budget together.
  • It typically takes about 3 months to accurately prepare a budget. DO NOT get discouraged!

best practices

Our clients have the best results using the recommendations below.

  • Prepare your budget every month before the month begins.
  • Budget all income down to the last cent. This is also known as zero based budgeting.
  • If you have an irregular income, use the lowest income month as your baseline. Any additional earnings should be budgeted in order of priority.
  • If you are legally married, you and your spouse should work on the budget together.
  • It typically takes about 3 months to accurately prepare a budget. DO NOT get discouraged!

budget templates

Easy-to-use templates to prepare your monthly budget whether you are a free spirit or a math whiz.

budget templates

Easy-to-use templates to prepare your monthly budget whether you are a free spirit or a math whiz.

Click icons below for more information

budget apps

Manage your budget on any computer or mobile device.

We do not receive any type of compensation for these endorsements.

budget apps

Manage your budget on any computer or mobile device.

We do not receive any type of compensation for these endorsements.

Click below for more information

Make a plan for your money and your future

If you do not have a budget, on paper, it will be hard to win with money.

Book a session today to get a personalized plan to do more with your money.

Make a plan for your money and your future

what happens when you have a plan

If you do not have a budget, on paper, it will be hard to win with money.

Book a session today to get a personalized plan to do more with your money.

Have you tried our Financial Health Assessment?

Use this to get a general idea of your financial health. It only takes about 4 minutes to complete and best of all, it’s free!

also Explore these other free tools and resources

Tools

Useful tools to help you track, manage and understand your money

Webinars

Virtual classes for people of all ages discussing a wide range of topics.

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