How to Create a Simple Household Budget
Learn how to create a simple yet effective household budget in three easy steps.
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Instructions
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1
Round your household income down to the next whole dollar amount. Write this amount down on a piece of paper.
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2
Make a list of all of your regular household monthly expenses and the amounts that you pay on them. When writing these amounts down, round up to the next whole dollar amount.
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3
Subtract your expenses from your income to determine your expendable cash.
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Tips & Warnings
By rounding your income down and your expenses up, you are creating a built in cushion for unexpected expenses that pop up throughout the month.
If your expenses total a larger number than your income, you are overspending and need to determine which expenses to pare back on.
