You can right-click on the tab at the bottom and select “Make a Copy” to make additional tabs, once you’ve set up a budget that reflects your financial situation. How to Set It UpĮnter your numbers in column “D” (the Budgeted column) and column “E” (the Actuals column).ĭelete any rows that don’t apply and add any rows that are missing.Įach tab represents one month of the year. This provides space for additional commentary on any large or irregular expenses.Īgain, more details about each of these sections can be found in the video above. The amount you’re actually spending on each item each month. This is the amount you’re budgeting for each category each month. You can add additional items or remove ones that aren’t relevant to you. Column Overview ItemsĮach expense type or category should be itemized as its own row in this column. The video above provides more detail about these sections. This is your “fun” money for small items like coffees and shopping. These are expenses you have on a monthly basis that you have greater control over. These include everything from groceries to gifts and entertainment to utilities. In most cases, the actual cost of these won’t be fluctuating much over time. This would include things like rent, car payments, and monthly parking spot rentals. These are (often ongoing) expenses that you must pay. I’ve also written a blog post about how to automate your savings – check that out for more information. I’d recommend reading The Wealthy Barber for more details on how much to save, how to invest it, and more. With the concept of paying yourself first, putting funds into savings accounts should be the first transaction once you receive your paycheque. If you have multiple sources of income (from side hustles, for example), you can include additional rows to capture each revenue steam. So, you won’t miss anything.This is where you include your net income every month. Monthly Household Budget Template Features Summary: Spending distribution among expense categories and items.Then rest will be all automatically calculated and illustrated for you! Therefore, you will be able to see the following in the dashboard section: Press the (+) sign to show the rows so that you can write the expenses of each and then get the total Expenses at the end.įinally, before starting the Dashboard, input your expenses and income items for each month. Secondly, in the Expense table of household budget template, there are lots of expenditure categories and you can input your expenses into the table. Once you do that the template will automatically total your income for you. To clarify, this printable monthly household budget template (including free version) consists of 3 main sections:įirstly, you can input your regular and irregular incomes for each month into the table. Monthly Household Budget Template Sections On which category and item, am I spending more?.Am I saving money or overrunning my monthly budget?.Besides, this is where our printable monthly household budget template would be useful which you can try the free version and see if that works for you.Ībove all, these questions will guide you in order to know what’s happening in your household financial situation and take control of your spending.Ĭommon budgeting questions are as follows: However, sometimes tracking all household expenditures can not be possible since everyone purchases personal things at different places at different times. It is always important to have a personal budget in order to balance financial status of the family.
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