![]() Household budget plan templates are available easily on the internet and all you need to do is download one according to your needs and preferences, and provide the information properly. Hence, it can be said, everyone needs a household budget plan. Even small or medium sized households can benefit from a properly made household budget plan. It is not true that only bigger households need household budget plan. Moreover, if you are planning to make any savings, by curtailing unwanted expenses, you could also take the help of a household budget plan. However, for retired people depending upon a fixed income and having medical bills to pay, this could be a very good option to keep the expenditure in check. Who Needs A Household Budget Plan?Ī household budget plan can come handy for each and every householder. ![]() This is why the household budget plan is important, because it can curtail the unnecessary expenses and wastage of money per month. If during the beginning of the month a budget plan is created and followed throughout a month, the expenditure can come down to a large extend, and it may be possible to make some savings. This is why a household budget plan comes handy. Often, if things are not kept in check, the expenditure can exceed the income. Home Budget Worksheet - Our original selection of home budget worksheets.Download What Is The Importance Of A Household Budget Plan?Įach and every household has a certain amount of income in a month, and certain fixed and certain added expenditures.Personal Budget Spreadsheet The 12-month version of the personal budget version.Personal Monthly Budget - Like the one above, but less detailed, and designed to fit on a single page.Family Budget Planner - This is the 12-month version of the household budget spreadsheet listed above.Money Management Template - Record transactions to automatically populate the budget vs.If you add or remove any categories, just make sure that the formulas used for the totals don't get messed up. If your Net is negative, that means you have overspent your monthly budget.Īdding or Removing categories: The household budget template contains a very detailed list of categories, which you may or may not need. The Monthly Budget Summary table totals up all your income and expenses and calculates the Net as Income minus Expenses. If you spend more than you budgeted, the Difference between the Projected and Actual values will be negative, and if your Actual income is less than your Projected income, the Difference will be a negative number. In this spreadsheet, the calculations are set up so that negative numbers are bad. The cells in the "Difference" column use conditional formatting to make negative numbers red. ![]() At the end of the month, you record in the "Actual" column how much you really spent during the month. This represents your goal - you're trying to keep from spending more than this amount. You record your desired budget for each category in the "Budget" column. The purpose of this worksheet is to help you compare your monthly budget with your actual income and expenses. You may also want to read the article " How to Budget". Our article " How to Make a Budget" explains how to use these spreadsheets to create your budget. You'll want to replace the values in the Home Expenses category with your own. To use this template, fill in the cells highlighted with a light-blue background (the "Budget" and "Actual" columns). ![]() 42 Effective Ways to Save Money Budgeting Tips for the New Year Using the Household Budget Worksheet ![]()
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