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114 West Main Street | Durand, WI 54736 | O: 715.672.8093
Budgeting
How will you get to where you want to go without a road map?
We can help you with your start-up budgeting, short-term and your two-year, five-year, or other long range planning budgets. Some examples of questions that fall under budgeting when projecting your financials:
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Help! The SBA requires a 2-year budget. What are they looking for? Why do I need to do that?
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How do I format this? What is included?
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Why is budgeting necessary with my financial planning?
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How do I forecast revenue and expenses?
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What is a capital budget?
Common categories that need to be addressed when budgeting:
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Housing - mortgage, rent, property taxes, household repairs
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Transportation - vehicle payment, gas, tires, warranty, maintenance, oil changes, parking fees, repairs, registration and DMV fees
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Food - groceries, restaurants, pet
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Utilities - electric, water, garbage, phones, cable, internet
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Clothing - adult clothing, adult shoes, children clothing, children shoes
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Medical - primary, urgent, dental, specialty, emergency, medication, medical devices
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Insurance - health, homeowners, rental, home warranty or protection plan, life, auto, disability
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Household Items/Supplies - daily needs, tools
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Personal - hygienic, gym memberships, cosmetics, babysitter, memberships, subscriptions
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Debt - personal, student loans, credit cards
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Retirement - financial planning, investing
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Education - your college, children's college, school supplies, books
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Savings - emergency, big purchases, other savings
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Gift/Donations - birthday, anniversary, wedding, Christmas, special occasion, charities
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Entertainment - alcohol or bars, games, movies, concerts, vacations, subscriptions (Netflix, Amazon, Hulu)