Drawing up a team budget

A team budget helps you plan resources and track costs. A good budget is realistic and easy to track.

You will need

• Last year's actual figures
• Plans
• Spreadsheet

Steps

1. Gather the data

   Gather last year's costs and income.

2. List the costs

3. Account for changes

4. Prioritise

5. Set aside a buffer

6. Get it approved

7. Track it monthly

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