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UNDERSTAND YOUR FORECAST SECTION ALSO CALLED BUDGET Start by entering your projected income and expenses to get an accurate overview of your finances. This will serve as your financial roadmap and help you make informed decisions about your spending and saving habits.
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<aside> <img src="/icons/asterisk_pink.svg" alt="/icons/asterisk_pink.svg" width="40px" /> SPENDING BUDGET: Plan ahead and track your spending to help you avoid unnecessary purchases. Fill in only the monthly budget in this table under the database section below. You should have already completed the other sections when under expenses and income😊
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IMPORTANT ABOUT MONTHLY BUDGET OVERVIEW: In this budget planner, the numbers are displayed in a specific way: When there is a MINUS (-) sign in front of the amount, it means you have a DEFICIT compared to the budgeted amount When there is NO sign in front of the amount, it means you have a SURPLUS compared to the budgeted amount Example: $500 = You have spent $500 LESS than budgeted (surplus) -$500 = You have spent $500 MORE than budgeted (deficit)
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<aside> <img src="/icons/asterisk_pink.svg" alt="/icons/asterisk_pink.svg" width="40px" /> INCOME BUDGET:
The Quick Overview below only shows your budgeted income targets - not the actual figures. To see the actual figures, go to the income section. In the Budget Variance report, you can see both the budgeted and actual figures and thus evaluate whether you are meeting your goals.
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