This actually happens to me a lot with my monthly cell phone bill. I know that many credit card companies and other financial institutions will add on additional fees that I would have missed if I did not write it down and compared it to previous months. It will take time to get into a good groove of knowing how much to budget for each bill or category that you have each month, but I promise it will get easier. I like to have the money automatically transferred to my savings account at the beginning of each month to ensure that I am saving BEFORE I can spend it (or waste it!) on something else. Then, you can start taking a percentage of that money and putting into your savings account. This will let you see how much money you have left over each month for your budgeted amount and the actual amount.Īfter each month you can take your total expenses and subtract it from your total income to see how much money you have left. Then, you subtract the budgeted amount and the actual amount to get the difference. Once you start paying your bills each month you will enter the actual amount of the bill into that column. Some of your monthly expenses can include:įor example, if your monthly rent or mortgage is $1000/month you will want to make sure you put that amount in the budgeted column.Īnother example, is if last month you paid $50 for your trash collection bill, but you know it can fluctuate a little bit, you can budget $5-$10 more in that column to make sure you have enough to cover that expense next month. Each expense will need to be added into its own budget category. You can do this by going through your checking account or any other expense tracker that you use. Next, you will need to look back over all of your previous monthly expenses so that you can begin to fill out the "budgeted amount" category. This can be your weekly or bi-weekly paycheck amount and any other forms of income you have: Try looking at the last few months and coming up with an average. You'll want to start by putting in the expected monthly income amount. I know for some people (like me) this can vary. You’ll notice the expenses column on the worksheet is blank so you can customize it.
WORD MONTHLY HOUSEHOLD BUDGET TEMPLATE PRINTABLE DOWNLOAD
(click below to instantly download a copy) You'll first need to print out a copy of the worksheet. The important part is that you just start to track EVERYTHING. If you prefer not to use this printable, you can also just use an excel spreadsheet, google sheets or any other method you prefer. Using this budget worksheet will help you to get the process started and take a closer look at your overall finances. It will help you hit your long-term goals and short-term goals.įor example, maybe you want to have $500 in an emergency fund, or you want to go on a dream vacation or start saving for your retirement, budgeting can help you do that. Most people think that a budget is difficult to use or follow, but honestly, it is so easy. Creating a personal budget can help you plan ahead to learn how you can save money for important things in your life.
It can be hard to figure out exactly how much money you spend each month.
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