Household budget expenses template

Whether you live alone, have a large family with a lot of expenses, or even run your own business, having a personal budget in place is an essential first step to financial freedom. A budget can help you see what you are currently spending, help you direct your savings, and determine where else you should apply your money. Budgeting might sound like a drag, but it can be much simpler when you use an Excel budget spreadsheet template.

A free Excel family budget template is an excellent tool to analyze spending, cut debt, and boost savings. A family budget template is a pre-made solution to help you categorize and analyze your family finances for a certain period, such as a month, quarter, or year. Templates vary in complexity and features but are generally designed so that there is an easy to follow format to help you manage your money.

In short, a personal budgeting template is meant to be simple to use. Imagine all of your monthly bills and your incoming cash. As you break down your monthly expenses, these should match up well enough with what you have coming in so that you can pay your bills, save money, and meet other financial goals.

No one wants to live paycheck to paycheck or, worse, find that they are coming up short at the end of every month. Confronting your finances head on is the best way to reign in your spending and achieve your goals. A few of the other benefits of using a budgeting template include:. Few people are crazy about the idea of keeping track of their dollars on cents on a piece of scratch paper.

Using an Excel template is an excellent way to organize your finances, and most people are already familiar with this powerful software. Here are 16 of the top free Excel family budget templates that cover a variety of ways to manage personal and family budgets.

Having a family budget is the best way to help you track and manage your personal income, expenses, and savings. Whether you are new to budgeting or have done this in the past and want a simpler solution, a personal budgeting template can give you fast information about your finances. Smartsheet offers a free Excel family budget template that has areas to input data as well as several graphs. You can input your income, expenses, and savings goals into the spreadsheet and view the dashboard that provides some high-level data about your spending and progress.

Smartsheet also has a free household expense budget template for Excel. The following are reasons for keeping such a household budget.

If you have no idea of your monthly expenditure, you can manage your household budget template said than done. To actively manage your budget here are a few useful tips:. Initially, you should check your monthly income. This will include wages, monthly salaries, child support, grants and alimony among other sources. Moreover, you need to check that all sources are reliable.

Similarly, you should include other jobs and cash from your hobby in your monthly income resources. Likewise; you need to depend on your monthly budget. Once you have listed down your total assets, you should now budget for them. You now focus on the household expenses. You should first make a list of your fixed expenses such as rent, transportation, electricity, medical, water and groceries among them.

Further, you can list down all the expenses which are variable household expenses. The net income refers to the amount you will keep after clearing all the household bills. If you want to remain financially secure, you should try to keep your net income positive. Similarly, you can handle any uncertainty in future if your net income is saved. However, if your net income becomes negative your chances of going into debt are high. Money in Excel can help you take control of your finances.

It's the only template that securely connects to your financial institutions to import and sync accounts into an Excel spreadsheet. Track finances and get personalized tips without ever leaving Excel. Note: Money in Excel is a premium template available as part of a Microsoft Personal or Family subscription and is currently only available in the United States. Prefer to do things yourself? This Excel template can help you track your monthly budget by income and expenses.

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

Tip: Track monthly expenses Utilities, credit cards, and insurance are billed monthly, so the easiest way to keep an eye on expenses is to determine how much you spend on a monthly basis. Beyond your electric bill, do you have a movie or game subscription? What about a gym membership? Be sure to keep track of those, too. Tip: Pay attention to variable expenses While gas and phone bills generally don't vary in amount month over month, other expenses, such as dining out or clothes shopping, can vary wildly.

Now that you have an overall idea of monthly expenses, it's time to categorize them so you can review your fixed, variable, and discretionary expenses.

Fixed expenses stay the same amount month to month. Examples include a mortgage or rent, health insurance, a car payment, or house taxes. Because it's not only business people who care about profits and expenses. The ability to manage your cash flow and track your income and expense is vital. You don't want to get a negative balance of your credit card, don't you? Moreover, keeping track of your finances can play an important role in the pace you improve your savings account balance and save money for your dream vacation, house or car.

A budget is a structured list of your personal or household expected income and expenses. A great advantage of having a budget is a possibility to track your spending habits over time and adjust them accordingly. When it comes to tools that can help you achieve that, there are plenty of mediums to choose from.

But if you like to plan everything with pen and paper, then budget printables will be a perfect solution for you. Check out the best budget templates:. Keep track of your personal expenses with the simple templates designed for personal use. The layouts allow you to easily fill in the fields that make it easy to calculate your expected income and track the expenses on a daily basis.

Choose the templates with the simple structure to have more room for personalization or more sophisticated templates that will help you break your income down by sources and go granular when it comes to budgeting. This version of free budgeting spreadsheets is universal. It works well for college students who want to budget money easily, parents who want to control the household expenses with the printable family budget template and creatives and professionals who need a budgeting tool that can also be used as a wedding budget or event budget template.

If you want something more than a one-page blank budget template, consider the budget planner book printable. It's a print-ready budget planner that you can use as a budget planner for and beyond.

Each planner consists of several convenient templates and offers great versatility as well as opportunities to track your bill, expenses, income, and savings.

Great bonus: You can customize the cover with your own text and choose the start day of the week you prefer. Similar to weekly planners, lots of people prefer to have short-term plans when it comes to making a personal or family budget too. This version of budget templates let you track your expenses day-by-day within one or within the whole year broken down by weeks.

Interested in getting a clear picture of what exactly you spend your money on during a week? These templates have got you covered.