Sample Household Budget Form

Sample Household Budget Form

Keeping control of your personal finances is, in theory, a fairly simple process. It is only human nature that makes home budgeting and financial control so difficult for many people. However, for the sake of this article, we will consider the simple side of the household budget equation, which is making a budget in the first place.

A good starting point in your quest to make a home budget, is to take stock of your current and recent situation, and list out all your monthly outgoings.

If you only do this from memory, there is a chance you will miss one or more important items. You probably have several sources of information on what those regular outgoings are, and whether they are easy to find depends on how well organised you are with your paperwork. It is worth checking back over at least three months bank and credit card statements, and jot down what your regular payments are out of those. At the same time, you can also make a note of items of expenditure that may recur later on.

Another source of information will be the bills and receipts that you have received over the past quarter. If you have not kept such documents and records before, then now is a good time to start. The good organisation of your important financial documents, and orderly filing of bills and receipts, will stand you in good stead for controlling the family budget when it is set.

Going over what you have spent over the last quarter will cover most if not all of your regular payments. However, it is important to think about whether you have any quarterly, annual, or new commitments that may not have shown up in your previous search. This part of the process in making your budget should give you a list that includes utilities (eg water, electricity, gas and telephone), insurance payments, mortgage and loan repayments, and credit card payments.

The regular payments you have so far found will form the core of your household budget.

I can see you nodding "yes" in answer to these questions, so it is time for you to get organised with your grocery shopping. Being organised and prepared before you head out to the shops will not only save you money but also potentially some of your time.

Whether you have debts or just feel that your finances are controlling you and not the other way around, it is time to fight back! Free debt consultation

Sample Household Budget Form

Monthly Budget Worksheet for ____________________
Free financial worksheet

To calculate your monthly budget simply print this budget worksheet and write down how much you currently spend for each of the budget categories per month below. Then add up all your budgeted expenses and compare that to your net monthly income.

BUDGET CATEGORY	AMOUNT
Allowances: #First_name#
Allowances: Spouse
Auto: Gas & Oil
Auto: Registration
Childcare
Clothing
Debt/Payment To: Credit Card #1
Debt/Payment To: Credit Card #2
Debt/Payment To: Credit Card #3
Debts: Car Payment #1
Debts: Car Payment #2
Debts: Mortgage
Donations
Entertainment: Cable & Internet
Entertainment: Movies & Events
Financial Plan: College Fund
Financial Plan: IRA
Financial Plan: Investments
Food: Dining Out
Food: Groceries
Health: Co-pay & Supplies
Household
Insurance: Auto
Insurance: Health
Insurance: Housing
Insurance: Life
Savings
Taxes: Property Taxes
Utilities: Electricity
Utilities: Gas
Utilities: Mobile Phone
Utilities: Phone
Utilities: Water/Sewer/Trash
Other Expense #1
Other Expense #2
Other Expense #3
Other Expense #4
Other Expense #5
Total Monthly Expenses
Monthly Net Income
Minus Expenses (from above)
Available Income

Creating a Household Budget

The simplest way of creating a household budget is by using household budget software. We highly recommend Money Tree Personal Budgeting Software, it is the absolute easiest way to start managing your money. It is built to be easy and fast from start to finish.

Overwhelmed by your debts? Free consultation

Debt can be bad for your health. Financial stress is common if you are forced into frugality because of a lost job, divorce, death in the family, or being over your head in debt, etc. This can lead to feelings of insecurity, fear, anxiety, anger, and, of course, depression. Best Debt Help, visit here