![]() Personal household budget worksheet template, proceed to fill in ![]() Replica that is completely compatible with Microsoft Office at If you don't haveĪccess to Excel, you can download a free spreadsheet and Office The Excel spreadsheet you'll have to know how to use Excel wellĮnough to tweak the formulas yourself. From there, youĬan make a copy or save the file in any format you desire (excel, Online budget spreadsheet at Google docs. Download Our Free Budget Templateīudget template (a very simplified budget form). If you were already able to assign categoriesĪnd tag each expense as discretionary or non-discretionary, then Need to quantify and categorize all of the spending patterns you observed in the Household budget you'll already have this step completed.Īfter you've tracked all of your expenditures, it's time to create your current family or household budget You'll want to mark each budget item asĭiscretionary or not so that when it comes time to analyze your Non-discretionaryĮxpenses are required for you to survive, but that doesn't mean that Include items like your mortgage payment, taxes, insurance and basic ![]() Non-discretionary expenses, on the other hand, Purchases, gifts, and any other expense that isn't required for you Such as entertainment, dining out, cable tv, non-essential clothing ![]() They may notīe expenses that you are willing to give up, but they are expenses Household budget that you do not require to live. While a non-discretionary expense would be buying the groceries thatįeed your family. The food examples, a discretionary expense would be buying coffee, In addition to assigning each expense to a category, determine ifĮach expense is discretionary or non-discretionary. Determine if the budget expense is discretionary When it comes time to analyze your budget, youĬan easily add up all these expenses to compute your total foodĬosts. Gifts, snacks, coffee breaks, impulse food buys and even holidayįood purchases. Instead of food expenses, be more specificĪnd include categories for dining out, carry out, entertaining, food ForĮxample, if you are buying groceries for a party, the expenseĬategory wouldn't be food, or even groceries, but would better fit Specifc categories instead of broad category descriptions. For example,īuying groceries would go under your grocery expenses. Later be included in your main budget worksheet. With the following attributes: Assign each expense to a budget categoryĪssign each tracked expense to a specific category that will While youĪre collecting the expense information, try to label each expense Keep a spreadsheet or notebook with all of yourĮxpenditures for a month before you create your budget. Try to think critically about each dollar spent and whether or not it was a Better yet, at the end of each day write down a list ofĮach expenditure and what it was used for on a piece of paper or a spreadsheet. Every time you buy something, pay aīill, or dispose of any of your money, make a strong mental note of what it isīeing spent on. For the next month or two, think veryĬlosely about how your money is spent. Understand and track yourĪccount for every dollar spent. Here are some steps that can help guide you through the process. That you fully commit to tracking your expenses, creating your spreadsheet,Īnalyzing the results, and then making improvements on a line item by line itemīasis. Creating a budget can be a daunting task and it requires To that end, we've created a free budget spreadsheet that you can use to help get yourįinances in order, along with some tips on how to create your own free household budget worksheetįree budget template. Budgeting is hands down the most important way to understand and take control
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