How to Make a Blank Household Budget Form

A blank household budget form can give you a framework to organize your finances and start saving money. This blank form can be customized to pay household bills, budget expenses, and plan financial growth.

Difficulty: Moderately Easy

Instructions

Things You'll Need:

• computer
• budget template or excel software
• budget calculator
• paper
• printer
• household budget records

1. First download a blank household budget form from a budgeting software template or create your own form with Microsoft excel or other spreadsheet document program.

2. Now make four column headings across the top your blank budget form. Label the headings: 1. Household Budget Category 2. Household Income/Expense 3. Projected Budget Amount 3. Actual Budget Amount 4. Savings

3. Next list all sources of household income in the top category of your blank budget form. Include salary, bonuses, commissions, and family business income if relevant.

4. Now list all expenses including retirement savings, mortgage and insurance, household bills, auto, entertainment, personal care, etc.

5. Next make a category for emergency expenses and to maintain cash flow for your household.

6. Now under your projected budget amount you can estimate your income and expense goals on your form.

7. Then chart your true household spending under your Actual Budget Amount and enter those amounts on your form.

8. Subtract your actual amount from your projected budget goal to get your savings balance for your household form.

9. Now you can make cutbacks/adjustments to your form and create an overall budget savings plan for your household.

Tips & Warnings

• Categorize your blank form based on your individual budget priorities starting with income and then savings, followed by expense payment priority.
• Position your emergency category at the bottom of your budget form and try to set a goal you can set aside to add to this every month.
• Include a few spaces called "Other" under in each budget category for additional expenses you may add later.

Resources

• Budget Organizing Forms
• Budget Planners
• Budget Software
• Household Budget Resources

[leaper]

on 5/31/2009 Good article on creating a budget form.