2021 monthly budget planner4/11/2024 Remember to budget for the possibility of unforeseen costs - even if it's hard to pinpoint exactly. Examples of non-fixed expenses include clothes, entertainment, vacations or a new washing machine if the old one breaks down. Non-fixed expenses are expenses that you had not budgeted for and therefore do not have to be paid on a fixed monthly or quarterly basis. In this budget, we have chosen to run the non-fixed costs (so-called variable costs) alongside the fixed costs. If you have more expenses, just add a line below.īelow the expenses is a total figure that gives an overview of all of Anne and Anders' fixed expenses each month. that they have every month, every quarter or every six months or maybe every year. Should Anne and Anders be lucky enough to have more income in a particular month, they simply correct the fields below the month in question.Īfter this, you will see a long list of all Anne and Anders' fixed expenses - car loan, unemployment insurance, gasoline, TV package, etc. This could also have been their paid salary. All joint expenses that Anne and Anders have are deducted from this account. In the example, we have created a budget for a budget account where two fictitious people, Anne and Anders, each pay DKK 5,000 into the account, a total of DKK 10,000 per month. We have created an example of a budget in Excel. However, we recommend that you make a simple budget that contains your income after tax - minus all your expenses. There are many good examples of a budget online and in various books on the subject. That's why we always recommend that a budget shows all 12 months. Your expenses are likely to vary greatly from month to month - some months will have expenses such as insurance, green tax, etc. Once you have an overview of your expenses, you are ready to start creating a budget. If you find it difficult to know exactly what you spend on expenses such as transportation, food or other expenses that may vary from month to month, a starting point is to take an average of the last 12 months' expenses (Example: Total transportation expenses over 12 months / 12 = average per month) - if these 12 months are representative of your expenses and there have been no unforeseen expenses. We recommend that you start by reviewing all your existing or upcoming expenses. The main purpose of a budget is to give you an overview of your finances - and thus also as a financial management tool for you in your daily life. We recommend that you create your budget digitally, for example using Excel, so you can easily correct and update your income and expenses on an ongoing basis. What should a good budget contain?Ī budget can be set up in many different ways - and with many different calculations. In the debt collection process, you, your debt collection company or your lawyer can, among other things make calls to the debtor, establish an installment plan, add interest, impose reminder fees, compensation fees and in some cases, pursue legal debt collection through the enforcement court - all with the aim of getting the debtor (debtor) to pay your receivable. Basically, authorized debt collection companies, all lawyers and you can carry out debt collection - as long as you comply with the applicable legislation on interest and debt collection. Once you have an overview of your financial situation using the budget, you will be able to budget month by month, knowing exactly what your income, expenses and any disposable income will be when all fixed costs are paid.ĭebt collection is a process for those who find that one or more claims (typically an invoice) have not been paid on time - and now want to collect this debt. If you're in a situation where you want to rectify your financial situation, our best advice is to get an overview of your finances - and a simple budget is the place to start.Ī budget provides an overview of your income and expenditure, giving you visibility on how you spend your money. Unfortunately, we are seeing an increasing tendency for debtors to lose track of their finances - and thus their debt situation.
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