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Expense budget planning is an important part of any budget. An expense budget is a list of forecasted expenses within a set amount of time. An expense budget could cover a quarter, an entire year or just a month.
This worksheet is an introduction to budgeting. To create a budget you need to understand both your income and your expenses. Here, fixed and variable expenses are explained and practiced. A first step to understanding budgeting is to understand your expenses. There are two main types of expenses, fixed expenses and variable expenses. Fixed expenses tend to be about the same each month, for example rent. Variable expenses tend to fluctuate each month, such as clothing.