So, the business owner can invest his time to ponder over the list of costs. Another use of the food truck business plan is to keep the monthly budget under control.

Compare projected costs with actual costs to hone your budgeting skills over time. Input your costs and income, and any difference is calculated automatically so you can avoid shortfalls or make plans for any projected surpluses.

Thus, you can make efforts to control the cost of a food truck. This Excel template can help you track your monthly budget by income and expenses. The food truck cost spreadsheet template helps the business owners estimate the most significant chunk of business using a maximum of total costs. You should put 20 of your income in savings, whether that’s for a rainy day fund or a down payment on a house. The rule says that you should spend 50 of your income on your living expenses, like your rent and car payment. However, the term non-operational and operational costs are also included in monthly expenses as the monthly expense spreadsheet is one of the crucial business sheets.Īgain, this sheet integrates with the revenues sheet to calculate the profit of the business. Petrol, 74.42 Cost of 1 meal in an inexpensive restaurant (per person), 150 Lifestyle, 10,000 Miscellaneous (water tankers, repair costs per month). The 50/20/30 guideline offers a basic financial strategy for your spending and saving. It costs us 20 per month, but that really depends on how cold the weather is and how many layers of clothes we feel like wearing. Our van uses propane to run the fridge, stove, and furnace. Similarly, the non-operational and monthly expenses to maintain a business’s functionality are referred to as cost as well. We’ve been moving pretty fast, and probably could cut our costs in half if we took a chill pill and slowed down a bit. Mortgage and rent should account for roughly 6.64 of your auto repair shop monthly expenses. And, even if you own the building you’re still likely to pay for utilities and possibly a mortgage. The expenses are the same as the expenses which are reserved for purchasing fixed assets. Average rent for an auto repair shop can be anywhere between 1,500 to 15,000 a month depending on the size. The word cost refers to the acquired expenditures to start a business.

Monthly expenses breakdown