A personal budget template is a way to maximize your wealth, allow you to organize or analyze your money, to make the best financial and spending decisions. It provides a clear picture of your financial condition and efficient use of money. The preparing and reviewing your personal budget will help you to identify reckless expenditures, adapt quickly as your financial situation changes and achieve your financial targets. Usually, it is a scheme to manage money effectively by keeping a record of income changes and monitoring expenditures. The basic objective of budgeting is to plan your money, so you can be in control of your money and have the tools to save enough money to cover both known and unknown expenditures. Personal budget format can be made into a table or even a rundown. The name of the individual engaged through the consumption is additionally added to this budget. Importance of a Personal Budget: A personal budget format is an itemized outline of probably income and expenses over a specified period of time. It is a financial statement which indicates the income and expenses of an individual, which shall incur in near future. Generally, an individual prepares this income and expense statement