It is a pre-created document with basic formatting that you can use to create your household budget worksheet as per your needs. This household budget worksheet enables individuals to pay their bills on time without depending on loans or credit cards. Since having a budget and sticking to it helps individuals develop excellent financial habits, it is necessary to have a household budget worksheet. It is all about setting up the program to fit the person’s needs which is time-saving compared to starting from the beginning, like using paper and pen. Some spreadsheet programs usually have an in-built template that can calculate an individual’s household budget. An individual can set up such a program on their computer and use it to make the documenting process easier. Spreadsheet programĪnother way of documenting how an individual spends their finances can be done by using a spreadsheet program. In addition, it does not require someone to have expert knowledge when they document their spending. This process might be tiresome but is simple and affordable. This can be adequately done using any of the following ways: Use paper and penĪn individual can use paper and pen to document their spending. If you want to give a try on this spreadsheet, you can download it here.Different Ways of Documenting your Spendingīefore you prepare a household budget worksheet, the first and most important thing to do is to document your earnings, spending and outline your budget. I put a group function on each month (you can see the (-) minus and (+) plus sign on top of the spreadsheet that you can click to hide or unhide the budget and variance columns. This is your monitor worksheet where you can see your monthly expenses based on your category and compare it with your budget plan. Don't forget to select the correct category for your expenses or the formula won't work as expected. You can periodically fill your income and expenses here and the excel formula will do the rest. Once you finished your budget, you can start filling your real income and expenses in this worksheet. As I already mention above, if you need a household budget with consideration of paying your regular repayments first, this spreadsheet could be the suitable one for you. This is a worksheet where you can put all your budget amount based on your category. You should start from Group Category, then to Category and the last is Subcategory. I already put samples there that you can change. This is a worksheet where you can put your household budget category based on your common category. This file consists of four worksheets with explanation as follows : I am using this approach based on my expenses where I have to pay all regular repayments first before spare some budget for others. I divided the this household budget into three big parts, budget with regular repayments, budget with irregular repayments but needed monthly and budget as secondary needs or occasionally needed. The basic concept probably the same with many others but the approach is different. The household budget I created here is basically another alternative for many household budget written in excel you can find in internet. It has monthly layout where you can plan your budget monthly within one year period and it is equipped with additional worksheets to manage your particular income and expenses categories. It gives you option to customize the template to meet your specific needs. This is a Household Budget template created for Excel.
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