Setup Your Money Management System - Step 5: Budgeting Income - by Davido

#bugeting #income #setup #moneymanagementsystem #money #moneymanagement #financialstress #financialfreedom
Budgeting is not only for your expenses but also your income. And once you do this, you can see if you can make it through the month or make some necessary decisions. I walk you through all the steps to set up your budgeting sheet for income calculations.
Budget Income Calculations.
In this video I help you set up your Income Bugeting sheet. How to add income details, their currency, the number of items you expect to receive, and if you want to include a tax to set aside or not. You can also add a commission reduction. I also explain how and when to compare and where your income is included in the Budget Expense Calculations table.
Chapters
00:14 Add your potential income description and details
00:45 Set a specific margin percentage for your income if you want to include it
01:02 Set a specific tax percentage or add 0%
01:25 Unhide column F to select your most important incomes
01:47 Tick the checkbox to show the forecasted calculations
02:05 Once the last day of the month has passed
02:15 Compare your actual incomes with your forecasted incomes
02:31 When ticked, the actual values will be used in your Budget Expense Calculations
02:38 Watch my workflow FAQ videos to get you started
02:48 Start managing your money TODAY!
And if you aren't yet ready to book my Course and receive the Fundamentals Money Management System, here's the link to see what you'll get:
Try it for free, before you buy it!
bit.ly/FreeMMS...
"Money Management 101" (Single-session Course 1-to-1 with me)
-----------------------------
5starteachers....
"Money Management 101 Exploration" (Single-session Course 1-to-1 with me)
-----------------------------
5starteachers....
Find more Courses on 5starteachers....
Be well and speak soon,
Davido - CEO of 5StarTeachers.net
@5StarTeachers
5starteachers.net
In: 5starteachers....