How Are Most Free Weekly Budget Planners Constructed?


Quick Answer

Free weekly budget planners are constructed to include categories that address personal expenses and savings. They can be personalized with categories unique to the user's situation.

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Full Answer

Weekly budget planners are constructed to include an individual's income and savings goals, as well as the expenses incurred over the week. They track home expenses, such as rent, mortgage and utilities; daily living expenses such as groceries and child care; and transportation needs, including car payments, auto insurance and gas. Other categories often included in a weekly budget are entertainment expenses such as cable and a budget for movies or concerts; health needs, such as gym memberships, health insurance and prescriptions; and travel expenses such as car rental costs and air fare. Once all expenses are taken into account, a projected end balance is delivered. This is the total allotment of money that can be saved from that week's pay.

Using a weekly budget plan is the simplest way to organize finances and ensure that money is not being overspent in one area and underspent in others. By breaking a budget down into weekly increments, as opposed to monthly or even yearly, unnecessary expenses can be identified and eliminated earlier; these expenses can be lost in the clutter of a budget with a longer term, causing overspending in an area that should be creating savings.

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