Things You'll Need:
- Computer with Internet
- excel spreadsheet software program
- pen
- paper
- printer
- household budgeting records
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Step 1
First set up your budgeting spreadsheet according to your specific household income schedule.
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Step 2
List all household income sources at the top of your budgeting sheet. If you are a two income family you can make your budgeting schedule every other week or combine to budget monthly.
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Step 3
Then make two columns for budgeting. Projected and Actual. This applies to household income and expenses.
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Step 4
Next organize your household expenses according to your budgeting needs and prioritize them on your spreadsheet.
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Step 5
List your household necessities first and then any other budgeting needs from most important to least down your spreadsheet.
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Step 6
Examples of household budgeting necessities include:
1. Mortgage or rent
2. Homeowners Insurance
3. Utilities -
Step 7
Next prioritize other needs like:
1. Food
2. Cell phones
3. entertainment
4. clothing and school supplies -
Step 8
Lastly, make a household budgeting category for emergency or unexpected cash needed on hand. Also use this fund to help increase savings and gain some liquidity.
