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We have launched our Destination Financial Freedom – Budget Binder! Check it out below!
We put together a simple and elegant solution to help organize your money, and your life!
We call it the “Destination Financial Freedom” budgeting binder, because it’s more than a beautiful way to track your money (though it is beautiful!). It’s an all-in-one tool to help you get your money right, get out of debt, set goals that matter, and organize your life!
Why Did We Create The Budget Binder?
A recent study by Dr. Gale Matthews showed that there are 3 tools to achieving your goals:
- Writing them down
In her study, 76 percent of participants who wrote down their goals, made specific commitments, and shared their progress had achieved their goals, or we over halfway there!
There is POWER in putting your goals on paper.
Our Budgeting Binder is more than just a financial workbook.
It is a method to help you get your Dreams and Goals out of your head, and into the real world!
It’s a tool to help you stop scrolling Instagram and Facebook, and saying “I really wish I could…”, but instead turning your “Bucket List” into a “Been There, Done That” list!
The science is clear…..writing down your goals and committing to take the steps to get there WILL get you there faster.
And as you work your way through the Budgeting Binder, we want to be here to cheer you on! Staying accountable is a KEY to achieving your goals on time, so please SHARE YOUR PROGRESS with us!
Who Is The Budget Binder For?
This binder is for those who are struggling to save money, or pay off their debt.
It’s a path to freedom for those who feel like they’re stuck in a cycle of BARELY getting by.
It’s an organized plan, for those who feel like they’ve tried everything, but can’t seem to get ahead with their money.
And look….I get it. I’ve wasted more money than I care to admit (…cough ~$100k~ cough…), and had NO CLUE what to do with money….until I got on a budget.
Since then, Michelle and I paid off our debt, went from a negative net worth to over six-figures, and I even quit my job to travel full time!
Budgeting changed our lives in a massive way, so we wanted to use our 10+ years of budgeting experience to create a POWERFUL tool to help others achieve Financial Freedom!
What if you could:
- Not care when your bills are due, because the money is already there
- Not being nervous to check your bank account balance
- Buy a latte without thinking about it
- Wake up debt free
- Know your Net Worth is going up every payday
- Ignore the stock market because your investments are automatic
- Stop fighting with your spouse about money
- Quit your job to stay home with the kids
The Destination Financial Freedom Budgeting Binder includes all the tools you need to stop worrying about money and start enjoying more freedom!
This budgeting binder includes worksheets and trackers for organizing your financial life, and more!
Our Printable Budgeting Binder includes:
- Cover Page
- Introduction to Financial Freedom
- Past Spending Tracker
- SMART Goals
- Monthly Budget
- Paycheck Budget
- Monthly Budget Expenses Continued
- Daily Expenses Tracker
- Savings Buckets
- Debt Snowball Worksheet
- Debt Payoff Tracker
- Savings Tracker
- Roth IRA Tracker
- Investment Tracker
- Annual Income Tracker
- Annual Bills Checklist
- Donation Tracker
- Gift Planner
- Party Expenses Planner
- Medical Bills Checklist
- Important Contacts
- 12 Month [Bills & Expenses] Calendar
- Bills & Expenses Planner
- Schedule My Day
- Schedule My Week
How To Put Together The Budget Binder
Our Budgeting Binder is an Instant Download, and you can print it in the comfort of your own home. You can print as many copies as you like, and it includes lifetime updates to the product, so you will always have access to the latest pages!
We recommend printing it out, punching holes in the pages and organizing it in a 3-ring binder.
Here are our recommended tools to optimize your budget binder experience:
- Three Ring Binder (1-inch size)
- 3-hole punch (or just use one at work)
- Pack of Multi-color highlighters (for categories)
- Pencil (or pen)
- (optional) Binder Tabs Dividers
- (optional) Self Laminating Sheets (no machine needed)
How Do I Use The Budget Binder?
The Budgeting Binder is more than just a money tool. We wanted to tackle all the steps to getting your finances in order, and that includes creating goals that matter, building a realistic budget, tracking your expenses daily, and planning your days/weeks/months to help you achieve your goals!
Watch the below video walkthrough!
Here’s a full run-down of how to use each section of the Destination Financial Freedom – Budgeting Binder:
Print this page and slide it in the cover of your 3-Ring Binder.
Past Spending Tracker
START HERE! Use this to categorize and total your past 3 months of spending. Then divide each total by (3) to get your average monthly spending for each category. Use these numbers to start your budget with, because it’s your REAL LIFE spending!
Use this page to put your Big Dreams into action by building SMART goals.
SMART stands for Specific, Measurable, Attainable, Relevant, and Time Bound. It’s the best way to take your “someday” and make a plan to get there! Fill out each goal, and set a timeline of WHEN you want to achieve it!
This is the GPS for Financial Freedom. It helps you track every turn and stop along the way. Start with your income, then input your bills, everyday expenses (groceries, etc.), then your savings buckets (Christmas, Vacation, etc.). What’s left over is your “Monthly Savings.” Put this toward your debt, or your next goal.
This one is a game-changer if you are trying to stop living paycheck-to-paycheck. Input your first paycheck amount, then only input expenses that are scheduled before the next paycheck arrives. Then do the same for your next paycheck. This will help you balance your month properly, and see how much you need to live on each paycheck.
Monthly Budget Expenses Continued
If you need more room for your monthly expenses, use this sheet.
Daily Expenses Tracker
**THIS IS YOUR HABIT BUILDER!** Input your current bank account balance to start. Then record each transaction after you spend the money, inputting date, category, and where it was spent. Update the balance after each transaction to know EXACTLY what is available in your account. You will total each category at the end of the month and put that total in the “Actual” column of that month’s Budget.
Save up for infrequent expenses (Christmas, car repairs, vacation, etc.) in Saving Buckets. For each category, take your total budgeted amount, divide by the number of months until you need the money, and save monthly to reach your goal! Print as many as needed.
Debt Snowball Worksheet
Fill in the first 3 columns from smallest balance to largest. On the smallest debt, add your “Snowball Amount”, which is anything you pay MORE than the minimum. When smallest debt is paid off, take what you WERE paying on that debt (Total Payment), and apply it to the next debt (Snowball Amount).
Destination Debt Payoff
For motivation while paying off debt, we’ve split this visual tracker into a 100-square grid. Take your debt total, divide by 100, and fill in each square as you pay it down. Example: $4,000 in debt, each square is $40 paid off.
Want to build your savings? Divide your Savings Goal by 100, and fill in each square as you save. Example: $5,000 Saving Goal, each square is $50 saved. Best used for larger goals, such as Emergency Fund or Down Payment.
Roth IRA Tracker
Record your Roth IRA investments. I recommend investing every paycheck. The MAX you can invest is $6,000 (per person in 2019), which is $500 per month.
Use this tracker to keep track of your other investments (outside of work 401k and Roth IRA).
Annual Income Tracker
This sheet will help you see your income progress for the year. Set a goal, and see if you can blow it out of the water! Track your job income, interest earned, and side hustle income all in one place!
Annual Bills Checklist
See your bills for the entire year at a glance. Use this Bill-Pay checklist to make sure you are paying ALL your bills, every month. Especially useful for those “every-other-month” bills, or “twice a year” property taxes. Simply check the box when paid!
Track all charitable giving. Input date, item donated, approximate value, and organization. Check the box when you collect a donation receipt. This tracker is VERY important come tax time, so keep tabs on ALL donations using this worksheet.
Make a list of who you are buying gifts for; include a budgeted amount and a gift idea. When you purchase the gift, check it off, and write in the Actual amount spent. Print one for birthdays and one for holidays.
Party Expenses Planner
Set a budget for your event, including Food, Décor, Stationary, etc. Then record your spending to stay on track! Great for hosting a party or holiday get together.
Medical Bills Checklist
First, input all insurance details. Then, as medical bills come in, input the bill details, and keep track of insurance payments and what you owe. Check off when completely paid off.
Use this sheet to fill in all information for your banks, credit cards, lenders, or any other important contact. No more hunting down phone numbers and account details!
Bills & Expenses 12 Month Calendar
Use this to plan your monthly bills (by due date), and any other off-budget expenses (birthdays, wedding, events, etc.). This will help you SEE exactly what’s coming up and be able to plan ahead for it.
Bill & Expenses Planner
This is the Expenses Calendar in LIST FORM. Input your regular bills, and also events and other one-time expenses in order of when they will happen during the month.
Schedule My Day
Write in your 3 daily goals. Then plan your day by the hour to keep yourself on track. Suggestion: LAMINATE the page, and use a marker to update daily.
Schedule My Week
Write down your 3 goals for the week. Then write down your weekly schedule to keep you organized and on track!
Where Can I Get The Budget Binder?
You can find the Destination Financial Freedom: Budgeting Binder over at the I Heart Budgets Shop! You can get an instant download and start on your OWN path to Financial Freedom today!