{"id":89638,"date":"2021-07-27T09:55:01","date_gmt":"2021-07-27T13:55:01","guid":{"rendered":"https:\/\/canadianbudgetbinder.com\/?p=89638"},"modified":"2024-12-23T05:36:56","modified_gmt":"2024-12-23T05:36:56","slug":"how-to-create-a-detailed-budget","status":"publish","type":"post","link":"https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/2021\/07\/27\/how-to-create-a-detailed-budget\/","title":{"rendered":"How To Create A Detailed Budget"},"content":{"rendered":"\n<p>Let me show you how we evolved our <strong><a href=\"https:\/\/canadianbudgetbinder.com\/2021\/07\/15\/saving-up-cash-kept-us-out-of-debt-june-2021-budget-update\/\">money-saving strategy<\/a><\/strong> by creating a <strong><a href=\"https:\/\/canadianbudgetbinder.com\/2021\/05\/13\/what-does-a-sample-budget-look-like-april-2021-budget-update\/\">detailed budget<\/a><\/strong>. <\/p>\n\n\n\n<p>Money is frustrating; I get it and realize that people struggle to make ends meet. <\/p>\n\n\n\n<p>It&#8217;s not a situation that anyone wants to be in; however, finding a way to change is possible.<\/p>\n\n\n\n<p>Imagine watching a movie that had little to no detail where it had apparent missing parts. <\/p>\n\n\n\n<p>At the movie&#8217;s end, you&#8217;re still wondering who did it, why they did it, and other missing pieces. <\/p>\n\n\n\n<p>For a puzzle to be complete, you must have all the pieces.<\/p>\n\n\n\n<p>Lacking details most often lead to less-than-desirable results.<\/p>\n\n\n\n<p>This is why budget failure happens and perhaps why budgets get a negative rap. <\/p>\n\n\n\n<p>I won&#8217;t lie to you, but <strong><a href=\"https:\/\/canadianbudgetbinder.com\/2017\/04\/01\/secret-society-debt-freedom\/\">debt-freedom<\/a><\/strong> is a pretty awesome rap! <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Budget Failure Is Typical<\/h2>\n\n\n\n<p><strong>Have you ever failed at budgeting? <\/strong><\/p>\n\n\n\n<p>Budget failure is typical, especially for newbies, but it can improve if you have a <strong><a href=\"https:\/\/canadianbudgetbinder.com\/2020\/04\/30\/5-financial-resources-we-use-for-personal-success\/\">financial plan<\/a><\/strong>.<\/p>\n\n\n\n<p>Before you even begin considering a budget is crucial to map out what you want from it. <\/p>\n\n\n\n<p>Budgeting is about tracking debt, expenses, and savings. <strong>Pretty simple right? <\/strong><\/p>\n\n\n\n<p>While that basic information is suitable for some people, it&#8217;s not for others. <\/p>\n\n\n\n<p>If you&#8217;re committed to budgeting, try a different budget.<\/p>\n\n\n\n<p>We&#8217;ve been through 4 styles of budgeting until we found the right one. <\/p>\n\n\n\n<p>The process is half the battle, but the outcome is worth every minute.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The Importance Of Details <\/h2>\n\n\n\n<p>No matter what we spend our money on, we often want to know the details. <\/p>\n\n\n\n<p>For example, if you&#8217;re buying a house, you want to know everything about that house.  <\/p>\n\n\n\n<p>Having informative details also means they include the good, bad and ugly. <\/p>\n\n\n\n<p>Why would you invest money into something that won&#8217;t fit your lifestyle or budget?<\/p>\n\n\n\n<p>Another example is buying a new product at the grocery store and wanting to know the ingredients or health information.  <\/p>\n\n\n\n<p>Saving money has long been a part of everyone&#8217;s thoughts and dreams, but not everyone does it.<\/p>\n\n\n\n<p>Taking money advice from people struggling to make ends meet is not something we&#8217;ve done.<\/p>\n\n\n\n<p>We&#8217;ve only followed a handful of successful financial bloggers because that&#8217;s where we want to be, successful. <\/p>\n\n\n\n<p>You&#8217;re only going to learn how people get out of debt if they do from bloggers who are in debt.<\/p>\n\n\n\n<p>That&#8217;s fine if that&#8217;s who you want to trust with your money principles but consider success just as important.<\/p>\n\n\n\n<p>For example, I want to be prosperous or debt-free, which my readers often tell me is their goal.<\/p>\n\n\n\n<p>With any budget we&#8217;ve used, it was noticeable after months of experimenting that we wanted to know more.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Budgeting Isn&#8217;t For Everyone <\/h2>\n\n\n\n<p>We&#8217;ve also learned about various types of people who use a budget or don&#8217;t believe in budgeting.<\/p>\n\n\n\n<p>Don&#8217;t get me wrong, if you think budgeting sucks or isn&#8217;t going to help your purpose, that&#8217;s fine too.<\/p>\n\n\n\n<p>Ultimately the money manager directs the path that one wants to take financially.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>L<strong>azy Budget User <\/strong>used to be us before CBB even existed. Using our bank account to budget was all we thought we needed. <\/li>\n\n\n\n<li><strong>Detailed Budget Geek (that&#8217;s us)<\/strong> This is where we are today, and we continue to use it monthly.<\/li>\n\n\n\n<li><strong>Simple Budget Users<\/strong> may be a paper and pencil budget, money jars, or envelope budgeting.<\/li>\n\n\n\n<li><strong>Technology Budget <\/strong>styles use budgeting mobile apps or online versions of a paid budget.<\/li>\n\n\n\n<li><strong>Excuse Budget User<\/strong> is a person who does not budget nor believes in using one as the money goes in and out. There may or may not be any savings, investing, or <strong><a href=\"https:\/\/canadianbudgetbinder.com\/2012\/03\/03\/emergency-savings-fund-in-canada-how-much-why\/\">emergency savings<\/a><\/strong> because there&#8217;s always an excuse to spend.<\/li>\n<\/ul>\n\n\n\n<p>I can probably think of many more, but I want to point out the <strong>benefits of a detailed budget<\/strong> for the sake of this post.<\/p>\n\n\n\n<p>We didn&#8217;t just jump into a detailed budget; instead, it came about out of curiosity.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How Our Budget Has Changed<\/h2>\n\n\n\n<p>Eventually, our detailed budget led us to <strong><a href=\"https:\/\/canadianbudgetbinder.com\/2019\/08\/27\/how-i-owned-a-mortgage-free-house-by-age-40\/\">pay our mortgage in 5 <\/a><\/strong>years and completely debt-free.<\/p>\n\n\n\n<p>These days this is virtually unheard of unless you inherit money or win the lottery.<\/p>\n\n\n\n<p> We also credit using two online banks <strong>Simplli Financial <\/strong>and <strong><a href=\"https:\/\/api.fintelconnect.com\/t\/l\/63077f953f1a83001b6881b1\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Tangerine<\/a>,<\/strong> with little to no charges. <\/p>\n\n\n\n<p>We have been with&nbsp;<strong>Simplii Financial for almost 20 years<\/strong>&nbsp;without any issues.<\/p>\n\n\n\n<p>We love them the most because they are a&nbsp;<strong>no-fee bank, and they accepted me when I first moved to Canada.&nbsp;<\/strong><\/p>\n\n\n\n<p>It\u2019s one of the best banks in Canada that do not have a brick-and-mortar bank.<\/p>\n\n\n\n<p>Everything is done online or on the <strong><a href=\"https:\/\/mbsy.co\/3lm29S\" target=\"_blank\" rel=\"noreferrer noopener\">Simplii Financial App<\/a><\/strong>, which we also use <strong><em>no monthly fees<\/em><\/strong>.<\/p>\n\n\n\n<p>We also use a <strong><a href=\"https:\/\/api.fintelconnect.com\/t\/l\/6087e8ea26267f001d6f30a4\" target=\"_blank\" rel=\"noreferrer noopener\">Tangerine World Mastercard<\/a><\/strong> to Earn 2% Money-Back Rewards on purchases in two 2% Money-Back Categories of your choice and 0.50% Money-Back Rewards on all other purchases.<\/p>\n\n\n\n<p>We have three other credit cards: Canadian<strong> Tire MasterCard<\/strong>, <strong><a href=\"https:\/\/canadianbudgetbinder.com\/2015\/10\/06\/pc-world-elite-mastercard-free-groceries\/\">PC World MasterCard<\/a>,<\/strong> and <strong>Captial One <a href=\"https:\/\/canadianbudgetbinder.com\/2020\/07\/30\/is-the-capital-one-costco-credit-card-worth-it\/\">Costco MasterCard<\/a><\/strong>. <\/p>\n\n\n\n<p>These all offer different rewards for us, which is why we chose them to be part of <strong><a href=\"https:\/\/canadianbudgetbinder.com\/2021\/04\/27\/how-financial-delayed-gratification-worked-for-us\/\">our financial plan<\/a><\/strong>. <\/p>\n\n\n\n<p>Lastly, I use <strong><a href=\"https:\/\/www.td.com\/ca\/en\/personal-banking\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">TD Canada Trust<\/a> <\/strong>for my <strong><a href=\"https:\/\/canadianbudgetbinder.com\/2021\/07\/20\/how-i-made-my-first-100-blogging\/\">blogging income<\/a><\/strong> and the famous online <strong><a href=\"https:\/\/api.fintelconnect.com\/t\/l\/6100060545a9ed001d4e841b\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">EQ Bank<\/a><\/strong> for any US Funds. <\/p>\n\n\n\n<p>Launched in 2016 as Canada&#8217;s first-born digital bank, EQ Bank has more than <strong>$5 billion in deposits<\/strong> and is committed to bringing more innovative banking solutions to Canadians.<\/p>\n\n\n\n<p>Finding the right bank is essential, and for us, <strong>no fees were a big YES<\/strong>, as were excellent reward opportunities.<\/p>\n\n\n\n<p>For example, our <strong><a href=\"https:\/\/canadianbudgetbinder.com\/2018\/12\/11\/4-million-pc-optimum-points\/\">PC Optimum Points<\/a><\/strong> are at 6 million or <strong>over $6000 <\/strong>to spend at Shoppers Drug Mart or a Loblaws store.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">10 Steps To Budgeting For New Users<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"720\" height=\"798\" src=\"https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2021\/07\/Why-Budget-720x798-1.webp\" alt=\"10 Steps To Budgeting For New Users\" class=\"wp-image-141927\" style=\"aspect-ratio:0.9025069637883009;width:779px;height:auto\" srcset=\"https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2021\/07\/Why-Budget-720x798-1.webp 720w, https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2021\/07\/Why-Budget-720x798-1-271x300.webp 271w, https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2021\/07\/Why-Budget-720x798-1-379x420.webp 379w, https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2021\/07\/Why-Budget-720x798-1-150x166.webp 150w, https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2021\/07\/Why-Budget-720x798-1-300x333.webp 300w, https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2021\/07\/Why-Budget-720x798-1-696x771.webp 696w\" sizes=\"auto, (max-width: 720px) 100vw, 720px\" \/><figcaption class=\"wp-element-caption\"><strong>Why should you budget? Why shouldn&#8217;t you budget? <\/strong><\/figcaption><\/figure>\n<\/div>\n\n\n<p>However, consider a detailed budget for those who want financial stress to be a thing of the past.<\/p>\n\n\n\n<p>Trust me on this; it will be the eye-opener you wished you were aware of earlier. <\/p>\n\n\n\n<p>In saying that, I strongly recommend anyone who has never used a budget to read my <strong><a href=\"https:\/\/canadianbudgetbinder.com\/10-step-mini-budgeting-series\/\">mini budgeting series. <\/a><\/strong><\/p>\n\n\n\n<p>It includes ten steps or blog posts that detail how we created our budget using baby steps. <\/p>\n\n\n\n<p>That means we took our time researching and putting together a budget that might work for us.<\/p>\n\n\n\n<p>It turns out that it did, and it didn&#8217;t stop there because we&#8217;ve increased our knowledge of detail.<\/p>\n\n\n\n<p>I know, you&#8217;re probably saying, Mr. CBB, what in the heck is a detailed budget? <\/p>\n\n\n\n<p>Let&#8217;s walk into our <strong>budgeting pas<\/strong>t to see a detailed budget and how we made it there.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What Is A Detailed Budget? <\/h2>\n\n\n\n<p>A detailed budget gives you more information about a specific budget category. <\/p>\n\n\n\n<p>For example, let&#8217;s use the <strong>grocery budget category<\/strong>. <\/p>\n\n\n\n<p>Instead of just a grocery budget, you could add a sub-category of cleaning supplies: toilet paper, laundry soap, dish soap, paper towels, tea towels, dishcloths, and apparent cleaning products. <\/p>\n\n\n\n<p>Instead of mixing them both into the grocery budget category, you divide them.<\/p>\n\n\n\n<p>This is to understand in detail how much your household supplies are costing you vs. food and drink. <\/p>\n\n\n\n<p>With this information, you may find that you spend too much money on groceries or household products. <\/p>\n\n\n\n<p>You take this information and figure out a plan to combat the budget category or sub-category to reduce costs. <\/p>\n\n\n\n<p>Perhaps buying a lower costing hand soap or stocking up on deals in this category may do the trick. <\/p>\n\n\n\n<p>It allows you to have options with details, and with every budget, options are good. <\/p>\n\n\n\n<p>This also gives the user control over where the money goes instead of guessing. <\/p>\n\n\n\n<p>For example, our grocery budget is just for food and health, and beauty is for all the others listed above.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Who Should Use A Detailed Budget?<\/h2>\n\n\n\n<p>A detailed budget takes longer to process, but the outcome is more data to work with.<\/p>\n\n\n\n<p>This helps the user pinpoint areas they can improve to save money and pay off debt.<\/p>\n\n\n\n<p>If you&#8217;re wondering why we still use this budget since we are debt-free, we want to keep saving.<\/p>\n\n\n\n<p>Anyone can use a detailed budget, but this may be valuable for someone who wants to tighten the rope. <\/p>\n\n\n\n<p>Having as much detail as possible when you struggle to make ends meet or want to save is critical. <\/p>\n\n\n\n<p>For this reason, a detailed budget can be far more valuable than a basic budget that targets a whole.<\/p>\n\n\n\n<p>A whole would be a budget category that includes everything under the umbrella.<\/p>\n\n\n\n<p>When you open the umbrella, the same budget category releases the detailed budget as described above.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Detailed Budget Spreadsheet Example <\/h2>\n\n\n\n<p>I&#8217;ve been sharing our detailed budget spreadsheet created in Excel for years. <\/p>\n\n\n\n<p>Some of you shy away because they are user-friendly if you understand basic excel. <\/p>\n\n\n\n<p>One of the more specific budgeting questions I&#8217;m often asked is how many budget categories are needed.<\/p>\n\n\n\n<p>This blog exemplifies how a detailed budget works compared to a bare-bones budget. <\/p>\n\n\n\n<p>Essentially, the answer concerns how much information you want to learn about your <strong><a href=\"https:\/\/canadianbudgetbinder.com\/2022\/11\/08\/6-habits-stalling-your-financial-independence\/\">spending habits<\/a><\/strong>.<\/p>\n\n\n\n<p>Below is a photo of our detailed monthly budget taken from our excel spreadsheet in June 2021.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"378\" height=\"561\" src=\"https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2021\/07\/June-2021-Actual-Monthly-Budget.webp\" alt=\"Monthly budget sample\" class=\"wp-image-141925\" style=\"width:478px;height:709px\" srcset=\"https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2021\/07\/June-2021-Actual-Monthly-Budget.webp 378w, https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2021\/07\/June-2021-Actual-Monthly-Budget-202x300.webp 202w, https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2021\/07\/June-2021-Actual-Monthly-Budget-283x420.webp 283w, https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2021\/07\/June-2021-Actual-Monthly-Budget-150x223.webp 150w, https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2021\/07\/June-2021-Actual-Monthly-Budget-300x445.webp 300w\" sizes=\"auto, (max-width: 378px) 100vw, 378px\" \/><figcaption class=\"wp-element-caption\"><strong>Actual monthly budget for a family of three<\/strong>.<\/figcaption><\/figure>\n<\/div>\n\n\n<p>Take the membership, clubs, and sports budget categories as an example. <\/p>\n\n\n\n<p>The only expense for this category is for our son&#8217;s soccer and, in the past, baseball, skating and swimming lessons.<\/p>\n\n\n\n<p>We&#8217;ve never detailed this budget category since there is little to detail. <\/p>\n\n\n\n<p>However, if you have multiple children or adults who belong to clubs, it would be beneficial to add sub-categories. <\/p>\n\n\n\n<p>This also makes it easier to plan next year&#8217;s budget when you can tally up the numbers at the end of the year. <\/p>\n\n\n\n<p>Little Johnny spent $1000 on soccer, baseball, and hockey, all due on various year dates. <\/p>\n\n\n\n<p>Soccer is due in May, Hockey is due in October, and Baseball is due in March. <\/p>\n\n\n\n<p>The detail is essential to save money before the expense is due.<\/p>\n\n\n\n<p>Mom and dad spend <strong>$500 on a gym m<\/strong>embership each or $1000 a year, due on June 1.<\/p>\n\n\n\n<p>We need to save approximately <strong>$1500 a year<\/strong> in <strong><a href=\"https:\/\/canadianbudgetbinder.com\/2012\/08\/23\/budget-step-10-projected-expenses\/\">projected expenses<\/a><\/strong>. <\/p>\n\n\n\n<p>Be mindful of the dates of each expense so you correctly set up your projected costs in our excel budget. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Certain Budgets Aren&#8217;t For Everyone <\/h2>\n\n\n\n<p>If a budget doesn&#8217;t work for you, then perhaps it&#8217;s not the proper budget.<\/p>\n\n\n\n<p>You have to be comfortable with the budget that you choose. <\/p>\n\n\n\n<p>You&#8217;ll know when you&#8217;ve found the right budget when you can&#8217;t wait to find out how well you&#8217;ve managed your money each month.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"594\" src=\"https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2021\/07\/excel-budget-sample-screenshot-1.webp\" alt=\"Monthly budget sample\" class=\"wp-image-141924\" srcset=\"https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2021\/07\/excel-budget-sample-screenshot-1.webp 1024w, https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2021\/07\/excel-budget-sample-screenshot-1-300x174.webp 300w, https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2021\/07\/excel-budget-sample-screenshot-1-768x446.webp 768w, https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2021\/07\/excel-budget-sample-screenshot-1-724x420.webp 724w, https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2021\/07\/excel-budget-sample-screenshot-1-150x87.webp 150w, https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2021\/07\/excel-budget-sample-screenshot-1-696x404.webp 696w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\"><strong><a href=\"https:\/\/canadianbudgetbinder.com\/cbb-free-resources-library\/\">Canadian Budget Binder Excel Detailed Budget Spreadsheet <\/a><\/strong><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Types Of Popular Budget Styles<\/h2>\n\n\n\n<p>Over the years, I&#8217;ve shared various <strong>budgetin<\/strong>g styles and templates on this blog. <\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/canadianbudgetbinder.com\/2018\/06\/14\/basic-budget-worksheet\/\">Bare Bones Budget <\/a><\/strong>(this is the budget you can use online and print at the end of the month or print it and use a pencil and eraser to tally your debts and expenses. <\/li>\n\n\n\n<li><strong><a href=\"https:\/\/canadianbudgetbinder.com\/cbb-free-resources-library\/\">Excel Budget Spreadsheet <\/a><\/strong>(this is the excel budget spreadsheet that is used as-is)<\/li>\n\n\n\n<li><strong><a href=\"https:\/\/canadianbudgetbinder.com\/cbb-free-resources-library\/\">Detailed Budget Excel Spreadsheet <\/a><\/strong>(this is the one you have the authority to change as needed)<\/li>\n\n\n\n<li><a href=\"https:\/\/canadianbudgetbinder.com\/2017\/11\/30\/magical-budget-jars-couple-debt\/\"><strong>Cash Money Jars<\/strong> <\/a>is more of a method of spending and saving that is visual and used successfully. <\/li>\n\n\n\n<li><strong><a href=\"https:\/\/canadianbudgetbinder.com\/2013\/05\/06\/financially-savvy-teen-budgets-cash-using-the-envelope-system\/\">Envelope Budgeting System<\/a><\/strong> is also a visual type of budgeting; when the money is gone, it&#8217;s gone. <\/li>\n\n\n\n<li><strong>Budgeting Apps<\/strong> are great for people who enjoy mobile technology-based budgeting <\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Modifying A Detailed Budget As We Age<\/h2>\n\n\n\n<p>The <strong>detailed budget<\/strong> is probably the last budget we will ever need because it fulfils our needs. <\/p>\n\n\n\n<p>Although there will undoubtedly be a switch to a <strong><a href=\"https:\/\/canadianbudgetbinder.com\/2016\/09\/22\/fixed-income-seniors-learn-how-to-budget\/\">simple budget as we age<\/a><\/strong>, especially if one of us is in a nursing home or long-term care facility. <\/p>\n\n\n\n<p>This means that a budget doesn&#8217;t last forever and must be updated by the user. <\/p>\n\n\n\n<p>It&#8217;s not a set-it-and-forget-it type of system because income changes, debt increases or decreases etc. <\/p>\n\n\n\n<p>Taking the time with any budget to make modifications is valuable and critical to <strong><a href=\"https:\/\/canadianbudgetbinder.com\/2019\/02\/05\/how-to-create-a-successful-budget-bucket-list\/\">budgeting success. <\/a><\/strong><\/p>\n\n\n\n<p>For the most part, I feel that people give up on budgeting not because the budget fails but because they fail the budget.<\/p>\n\n\n\n<p>It has given us the freedom of not owing money to anyone and to boost our investment savings.<\/p>\n\n\n\n<p>So, if you find that a budget you&#8217;re working with is not jiving with you, try another one. <\/p>\n\n\n\n<p><strong>Discussion: Would a detailed budget work for you,<\/strong> and what types of budgets have you tried and what did not<strong>? <\/strong><\/p>\n\n\n\n<p>Share your experiences below for readers new to budgeting or who want real-life information.<\/p>\n\n\n\n<p>Thanks for reading CBB Friends,<\/p>\n\n\n\n<p>P.S. Don&#8217;t forget to subscribe to the blog. <\/p>\n\n\n\n<p>Mr.CBB <\/p>\n","protected":false},"excerpt":{"rendered":"<p>How To Use A Detailed Budget Spreadsheet to explore your monthly budget expenses further to save more and pay off debt. <\/p>\n","protected":false},"author":2,"featured_media":141926,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"disable-jtr":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[613],"tags":[14947,14948,14949,14950,14951],"class_list":{"0":"post-89638","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-about-budgets","8":"tag-detailed-budget","9":"tag-detailed-budget-template","10":"tag-detailed-budget-worksheet","11":"tag-free-detailed-budget","12":"tag-free-excel-spreadsheet-budget"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How To Create A Detailed Budget - 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