![]() ![]() William Vanderbilt spent money on yachts, thoroughbred horses, an expansive art collection, and ten mansions on Manhattan's fifth avenue. Vanderbilt's budgetary strategy was: frugal spending, so income was always higher than expenses, and savings were invested in making more income or saved as cold hard cash. When Commodore died in 1877, he reportedly had $100 million dollars in the bank, which would be worth $233 billion dollars today. At its peak, his company New York Central was the second-largest railroad in the US, with 11,000 miles of track across 11 states and two provinces in Canada. By 1967, he had control of all the railroads between New York and Buffalo. He was economical almost to extremes." This quote definitely came back to haunt him generations later.īy 1964, Commodore swapped his captain's hat for a conductor's hat and acquired controlling stakes in two New York-based railroads. A former clerk said, "He never had a debt and never bought anything on credit. Between the 1820s and 1850s, he built his own steamboat fleet, built his own ships, and even built his own canal to ferry passengers and mail from New York to California during the gold rush. He then saved the cash and would lend it out to earn interest or invest in hard capital like more boats or real estate. Commodore would use competitive pricing to undercut rivals so low they had to give in or buy him out. If you can make some cuts with some of the variable expenses and letting go of expenses that you don’t need, than this will help you to loosen up the budget.ĭownload: Monthly and Yearly Budget Spreadsheet Excel Template Additional excel templates can be downloaded here.He was so successful that by 1817, he earned a government contract to ferry military supplies through New York Harbor in 1812. If you are putting out more for expenses than your actual income will allow you to do, then look to see where you can make cuts. ![]() But if you are putting out more for your expenses, when compared to how much you are making, than you will need to rethink a few things. If you are bringing in more income than your expenses total, than this is a good thing. Total your expenses and income columns.It’s important to know which expenses are the ones you have over and over and which ones you will only have once in a while. Break these expenses every month into two places: fixed and variable.Also keep track of all of the expenses that you will have every month, from small to big. If you earn a paycheck every week, from an outside source, than make sure that you record the net income. ![]() ![]() Record all of your financial data and monthly expenses–If you are self-employed than keep track of the money you make and record it.Because this has to do with things on a monthly basis, the more you dig up the better. First, dig up every piece of financial information you can get your hands on.Here is a step by step guide to get your new budget template up and running. Using the Monthly Budget Planning Spreadsheet Excel Template The best part about creating this monthly budget planning spreadsheet excel template is that it is free and easy to use and excel is the most downloadable option that there is out there. The best way to create your own monthly budget planning spreadsheet Excel template is by downloading the template that is available on this page. When you create a monthly budget planning spreadsheet Excel template you will not only keep track of your money, but also figure out where you are falling short. Everyone needs to be on a budget and creating your own monthly budget planning spreadsheet Excel template is the perfect way of staying on top of your finances. ![]()
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