An annual budget template is a document specially used for preparing an estimation of one year. It is a tool for preparing a strategy to accomplish essential goals at a preferable time. The annual budget provides you with an opportunity to get multiple benefits by managing all your expenditures as well as time. It is a balancing tool of income and expenses which helps to identify crucial expenditures and also helps to make necessary adjustments for accomplishing financial goals for a whole year. People are worried about increasing expenses on useless activities, programs, functions, operations and activities. So, they generate a strategy of a year to prevent any type of wastage. If you wish to get relaxation for a whole year, then prepare an annual budget and get the estimated cost of expenses for the whole year. It is a difficult task to define annual expenses, but you can get yearly value through finding monthly expenses. If you wish to run your own business and want to get a loan from a bank, then your yearly cost of consumption should also be considered.