Household Budget Template Excel

Household Budget Template

Keep your household budget on track with the right tool!

When the budget word comes up, it can strike fear in the bravest person. Maintaining a budget for your home doesn’t need to be hard or complicated. The best tool in the shop is a working budget. 

Excel Templates offers a household budget template Excel sheet that is easy to use and download. With a ready-made template, you can enjoy the convenience of simply entering your information, allowing you to focus on why you wanted a budget in the first place. With such a variety of formats, there’s one that fits your household.

Do you have more months than money? Using our household budget template Excel sheet provides a free resource to build your family’s budget. If you can track your income and expenses, you will know where to cut back. Likewise, you will know where and how to increase. 

Our household budget template can make budgeting easier for you!

How to Use Our Household Budget Template to Keep Your Budget in Order

Selecting the right household budget template is imperative to making a budget work for you. So, where do you start?

  1. Look at what your needs are. What are your goals for making this budget? You can input your family’s income, expenses, and the date you expect them.
  2. The template will allow you to break down more of your income, savings, and expenses. Savings will allow you to be prepared for the adversities that happen in life.
  3. Explore the different templates offered. Our household budget template Excel sheet can summarize your budget according to your input. You’ll see everything on paper and understand that the local department store has way too much of your money each month.

With a ready-made template, you can keep your family budget on track and be able to save for the rainy-day fund, pay your bills on time, and record how you are spending your money.

Some Amazing and Resourceful Tips for Maintaining a Household Budget

You say you are the king or queen of making a budget, but a pauper because you quit using one. This is going to be a lucky day for you, then. The following tips are tried and true, and thousands have used them.

1. Use it.

Realistically, you have heard the word “budget” throughout your life and got pretty good at creating one. But you easily get distracted and bored when it comes to following it. 

Here’s the thing, though. It does get easier once you make up your mind. Once you get the main information entered, the rest is upkeep. You will find it easier to stick with a budget if you know how you spend your money. You will enjoy knowing you have accomplished such a task.

2. Write down your income.

Next, write down the incomes of each person contributing to the household.

Enter all your expenses which include a savings account. Treat it like a bill that must be paid. Have your bank automatically deposit it into your savings account. It’s easy, call your bank and tell them or do it yourself online. Most banks offer online services now.

Enter all the incomes you expect for the month. This is where we see you could have more bills than income. Hopefully not, but it happens. If it does, consider what you can cut back on. Cable TV, do you use your house phone much, and anything else that seems you can cut back on. Some people have taken a second job to get caught up.

3. Balance your checkbook.

Here’s a neglected practice: balancing the checkbook. Yes, every month, you need to balance your checkbook. Consumers tend to call or check online what’s in the bank and calculate in their heads how much they have set to come out. 

Then that dreaded overdraft shows up, and it was the bill you forgot you paid online. Overdrafts are a needless waste of money, but that’s why you create a budget. Right?

4. Take the time to assess your spending.

We live in a hurry. Taking time to plan what to spend in the grocery store is time-consuming. If you give in and eat out more, take time to see how much food is wasted and left on the plate you spend each week, month, and year.

Running to the grocery store daily sucks your money like a hungry vacuum. Take time to plan your meals and what you need to make the meals. Who says you need a large meal daily? Bake some chicken, open a can of green beans, and a box of mac and cheese. You’ll see where and who gets a chunk of your money as you track your money. You’ll certainly enjoy our flexible household budget template Excel sheet.

Your vehicle can also take more of your income than needed. Keeping it serviced and tires with the right air will save on gas.

Moreover, it’s important to set aside money for your emergency fund. Most people say about six months of income are saved for emergencies. It’s amazing how the fear is not as strong when adversity happens. We know life happens, and it’s not all good. You will sigh with relief that you have budgeted for that.

5. Consider your taxes.

Know how your state and federal taxes are with-hold and get it right, so you won’t have to pay in taxes or get back taxes at the end of the year. It’s your money to use all year, not set in a government account for them to use till you file your taxes.

Go over your budget with your family and see where you can cut back or add, too. Identify where your money is going. Make them a part of this, and they may surprise you with how helpful they can be.

Make Budgeting Hassle-Free with Our Household Budget Template Excel Sheet

There are great software programs that will help you track your income, keep up with expenses, and show you where you can improve. With a household budget template, you can have all this information at your fingertips.

Get our household budget template Excel today to enjoy a stress-free budgeting experience!