Monthly Household Budget with Charts is a ready-to-use excel template with a detailed list of expenses in different categories like children, vacation, and routine expenses.
Additionally, this template shows the difference between actual expenses and budgeted expenses in graphical form. This template helps you to manage records of your monthly incomes and budgeted expenses for a complete year.
Furthermore, it also consists of a printable Monthly Household Budget Sheet that you can use to plan your budget and record your actual expenses on a printed sheet.
What is a Household Budget?
Every homemaker/women manage their money very profoundly to balance their target at the end of the month. They need to allocate stipulated amounts to routine expenses and also be prepared for some accidental expenses.
Every homemaker wishes to have ample cash flow during and at the end of the month. There are very small-small expenses which contribute to this list. Starting from utility bills and ending at planning vacations.
Tips to Effectively Manage Your Household Budget
Following these simple tips, you can effectively manage your household budget:
- Track your spending habits.
- Set realistic budgets for each expense head.
- Consider your previous spending to get a real view of spendings.
- Always try to cut unwanted expenses.
- Take the whole family on board during the budgeting process.
- Allocate a saving from each month. The best way to do is to spend what is left after saving rather than saving what is left after spending.
- Schedule days for utility bill payments.
- Always use a list while shopping for groceries.
- While making the list, always recheck the groceries.
- Consider long and short term both while preparing your budget.
Monthly Household Budget Excel Template
We have created a simple and easy Monthly Household Budget Excel Template that will help you evaluate your income sources, budget your expenses and keep a track of actual expenses along with a graphical representation.
In addition to the above, it consists of all types of expenses applicable to a household. These expenses include rents, utility payments, medical, children expenses, educational expenses, emergencies, vacation plannings, etc.
Additionally, you can also manage all of this on a printable sheet with the Printable Monthly Household Budget Sheet.
Let us discuss the contents of the template in detail.
How to use Monthly Household Budget Excel Template?
This template consists of 15 sheets:
- Yearly Budget Summary Sheet.
- Yearly Income Compilation Sheet.
- Monthly Budget Vs Actual Expense Tracker (12 Sheet, Jan-Dec)
- Printable Household Budget Sheet.
Yearly Budget Summary Sheet
Budget Summary Sheet consists of 12 month summary of income, budget, and actual expenses along with the difference between actual and budgeted expenses.
In addition to the above, it also calculates the saving amount by deducting actual expenses from total income. You don’t need to input any data in this sheet. This sheet is auto-populated.
Furthermore, the budget vs actual expenses is displayed month-wise in graphical form.
Budget Vs Actual Chart
Yearly Income Compilation Sheet
The Income Compilation Sheet consists of income from different sources for 12 months from January to December. Insert income from all sources in the light blue cells.
Monthly Budget Vs Actual Expense Tracker
Monthly Budget Vs Actual Expense Tracker consists of all heads of household expenses. Enter the budgeted amount for each head.
Record actual expenses against each head. The template will automatically calculate the difference between the actual and budgeted expenses.
Whenever the expenses will increase the budgeted expense amount, the template turns the cell red. It also calculates the column total for each column.
Total 12 sheets, one for each month. January to December.
Printable Household Budget Sheet
This is a printable version of the expense tracker in which you can budget and track your expenses on a printed sheet.
Click the link below to download the printable version:
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