simple monthly household budget template

#Simple monthly household budget template how to

The planner is broken down into sections that should remind you where you might have missed something but it’s well worth sitting down with your last three months worth of bank statements to make sure that you capture everything. Once you’ve decided which version of the monthly budget planner to use, print it out and take some time to complete it making sure that you don’t miss anything from your income or expenditure categories.

#Simple monthly household budget template how to

How to use your free monthly budget planner If you want the plain old boring version (:-)) then you can hit this link to go to Google Docs and get that one >ĭon’t forget! If you miss things off then your monthly budget isn’t going to be accurate which could cause problems if you’re spending what you think you have available. So if you want the pretty monthly budget planner version then just click here which will take you to the link to it. The link for that is below if you’d prefer to print out the Google docs version but I’ve also made a prettier version which looks much better when you print it out and it’s definitely my preferred option when I re-do my monthly budget! How to get your free monthly budget planner I first included a printable monthly budget planner on here not long after I started blogging and to this day, I can see that lots of you follow the link to my original version over on Google Docs every single day. I’ve written lots of posts about how important it is to know exactly what your monthly budget because let’s face it, it’s difficult to know where to save money if you don’t know exactly where it’s been spent isn’t it? Filling in all of your income and expenditure on this form (as long as you do it honestly) will help you see where you can save money and where you have a little extra to play with. These templates often come with predefined categories and formulas, making it easier to track and manage your finances.This free monthly budget planner is just what you need to get your finances in order! There are two versions for you to choose from – a pretty colourful one or a more grown-up serious version with no colour in sight.

Yes, there are many budget templates available online in various formats, including spreadsheets and budgeting apps.

The 50/20/30 rule is a common approach, but your breakdown may vary based on your personal financial goals and obligations.

A good monthly budget breakdown typically involves allocating a portion of your income to different categories like necessities, savings and discretionary spending.

What is a good monthly budget breakdown?.

Allocate your income according to these categories, adjust as needed and track your spending throughout the month. Then, list all your expenses, categorizing them into necessities, savings and wants.

To create a monthly budget, start by calculating your monthly income.

How do I create a budget for the month?.

It's a simple framework to manage your finances effectively.

The 50/20/30 budget rule is a guideline for dividing your after-tax income into three categories: 50% for necessities like housing and groceries, 20% for savings and debt repayment and 30% for wants or discretionary spending.Here are the answers to some of the most frequently asked questions regarding budgeting. Emergency fund: Include a category for emergency funds to cover unexpected expenses like medical emergencies or car repairs.This section is crucial for your financial growth and security. Savings and investments: Following the popular 50/30/20 rule, allocate 20% of your income to savings and investments.Tracking these helps in identifying areas where you can cut back if needed. Variable expenses: These include fluctuating costs like groceries, utilities and entertainment.Allocating a specific portion of your income to these fixed costs is essential.

Fixed expenses: These are regular, unchanged expenses such as rent or mortgage, loan repayments, insurance premiums and subscriptions.This will give you a clear idea of your total monthly earnings. Income section: Start your template by listing all sources of income, including your salary, any side hustles and passive income sources.Here are the key elements that make up a monthly budget template, each designed to give you a complete overview of your financial health and planning: Key Elements of a Monthly Budget Template