Be a Budgeting Expert: How to Track Spending with a Detailed Budget

Want to go beyond the Envelope Budget? Try this free budgeting spreadsheet to draw up your own plan and get a firm grip on where your money is going. We’ll walk you through each step.

Woman working on a spreadsheet
(Image credit: Getty Images)

Although budgeting often evokes angst, it shouldn’t. Budgeting is a sign of freedom, putting you in the driver’s seat on spending and saving decisions.

For those of you who find the Envelope Budget too simple, let’s discuss the Detailed Budget method instead. This method is a little more work, but it’s great for those who want to dive more deeply into their finances than the Envelope Budget allows.

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Deborah L. Meyer, CPA/PFS, CFP®
CEO, WorthyNest LLC

Deborah L. Meyer, CFP®, CPA/PFS, CEPA and AFCPE® Member, is the award-winning author of Redefining Family Wealth: A Parent’s Guide to Purposeful Living. Deb is the CEO of WorthyNest®, a fee-only, fiduciary wealth management firm that helps Christian parents and Christian entrepreneurs across the U.S. integrate faith and family into financial decision-making. She also provides accounting, exit planning and tax strategies to family-owned businesses through SV CPA Services