Things You'll Need:
- computer with internet
- spreadsheet software
- paper
- printer
- pen
- budget records
- calculator
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Step 1
First list all income for your home at the top of your budget worksheet.
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Step 2
Next separate expenses for home, auto, insurance, entertainment, savings, etc. into categories on your budget worksheet.
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Step 3
Prioritize your expenses in your home by first paying fixed expenses, then home or family needs, and lastly personal needs.
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Step 4
Items like home mortgage, insurance, childcare, and utilities would fall into fixed expenses on your budget worksheet.
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Step 5
Family needs are items like groceries, home and auto supplies, and clothing, allowances, etc.
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Step 6
Personal needs include allowances for everyday living, personal care, and family entertainment, etc. on your home budget worksheet.
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Step 7
Make a category on your worksheet called Miscellaneous home expenses and include a budget for emergencies and home maintenance, saving for big purchases, and liquidity.
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Step 8
Record amounts in two columns on your worksheet with one being projected home budget and the other actual home budget.
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Step 9
Estimate amounts for your projected budget goals first and then record your actual amounts in your home budget.
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Step 10
Subtract your projected home budget amounts from your projected income to get a proposed balance to use to make adjustments before figuring your actual balance.
