How to Create a Budget with Free Worksheets

Creating a budget using free worksheets can be an easy way to manage your finances. These free worksheets are flexible to use for creating a personal or family budget.

Difficulty: Moderate

Instructions

Things You'll Need:

• computer
• internet
• financial or excel tracking software program
• pen
• paper
• budget records

1. First choose a budget design template for creating your free budget worksheets.

2. You can find templates for free budget worksheets online or create your own using a program like excel.

3. Create a category to list all income and earnings at the top of your free budget worksheets.

4. Organize your expenses to create different budget categories for your free worksheets.

5. Prioritize expense categories on your budget worksheets by: 1. fixed necessities 2. savings needs 3. family needs 4. Personal Allowance 5. Emergency 6. Discretionary (free cash available)

6. Create a column for Budget Goals and one for Budget Amounts to record numbers vertically on your free worksheets.

7. Balance your budget goals first and then record your true dollar amounts.

8. Compare the totals in each category to make adjustments or cut backs and the balance again.

Tips & Warnings

• Set realistic budget goals on your free worksheets.
• Put away a set amount of your discretionary income for emergency savings.

Resources

• Free Budget Software
• Free Printable Budget Sheet