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.
-
1
Tips & Warnings
Set realistic budget goals on your free worksheets.
Put away a set amount of your discretionary income for emergency savings.
