How to Make a Monthly Budget Worksheet

Here is an easy way to manage your personal finances by creating a monthly budget worksheet. These free household budget planner sheets are printable making them both user friendly and versatile.

Things You'll Need

  • laptop or home computer
  • financial software like Microsoft Money
  • calculator
  • printer
  • debts, income

Instructions

    • 1

      If you have a home desktop PC, mac or personal notebook, you may access for free or can download a budget management software such as Microsoft Money to help design your monthly budget worksheet.

    • 2

      Design your monthly budget worksheet around 6 main categories:

      1. Total Monthly Gross Income
      2. Monthly Home Budget Expenses
      3. Monthly Car Expenses
      4. Monthly Debts
      5. Monthly Family Miscellaneous Expenses
      6. Total Net Monthly Income (free income available)
    • 3

      Monthly household budget expenses should include rent or mortgage, property and casualty, loan payments, utilities, taxes, and any household repairs.

    • 4

      Automotive expenses include car loans, gasoline, auto insurance, and maintenance make up the next category on your monthly budget worksheet.

    • 5

      Debts should include any credit loans and monthly balance you choose to pay make up the next budget worksheet category.

    • 6

      Next list any Miscellaneous expenses are any other personal expenses such as:
      -childcare/school
      -clothing, groceries
      -family entertainment, cable, videos, newspaper, magazines
      -medical, vet
      -clubs, association dues
      -investments, life insurance
      -vacation, gifts for holidays
      -haircuts, nails, etc.

    • 7

      Figure total monthly income at top of your budget worksheet, then total your monthly expenses for each category, and subtract to get your net income balance at the bottom.

Tips & Warnings

  • Always round up when estimating your monthly expenses
  • Get your household budget worksheet completed first and list as many as you can think of under miscellaneous before writing your own expenses in.
  • Divide your printable budget sheets in 2 if paid bi-weekly or 4 if every week to help determine your monthly payment schedules
  • Always include a category under miscellaneous for emergency or personal expenses and decide how much you can free up each week to add to this fund
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Resources

  • Photo Credit flickr

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