When it comes to having a proper grip on your financial scene, a family budget is your must-have tool. It could be a monthly budget or an annual one- while some people also prefer to maintain a bi-weekly budget. The budget spreadsheet lists down all your income and expense areas so that you can easily calculate whether or not you have deviated from your estimated budget for each expense area. It enables you to stay updated on your financial scene to a great extent. Check out the below-mentioned Budget Templates for that purpose.
The document here starts with rules and instructions to structure your budget and then it is followed by a long template of a monthly budget where you can calculate the difference between your budget and spending.
You have a bi-weekly Household Budget Template here which comes with 3 main columns for estimated expenses, actual expenses, and the difference between the two. You also have space for the total monthly expense and monthly balance.
When it comes to creating a Family Budget Templates, you should first take into account all the income sources of your family. It includes the income of your spouse and children if they are contributing to the overall family fund. Then, you should consider all the expenses that you incur each month- include all the major and minor expense areas. Do not forget the debts in your budget.
Start your budget by listing down your income. Next, you will include all the expense areas and also include 2 columns by the side to note down the spending and the amount that you had estimated previously. At the bottom, subtract the total expense made from the budgeted expense to find the difference.
You have an annual budget planner template here which would be good for students staying alone. It takes into account all your income and expenses. You can find out the difference between your income and expenses at the bottom.
You have a smart Budget Spreadsheet Template here that you can use for your family budgeting and it includes all your expenses as well as all the various income sources, including that of your spouse’s. You can also see Monthly Budget Templates.
You have an elaborate family budget worksheet template here that comes with separate boxes for the different aspects of your budget like monthly take-home income, debts, living expenses, and budget summary.
The main importance of a family budget is that it helps you to get a proper order for your financial scene. It always involves a whole lot of expenses when you have to run a family and it’s not uncommon to lose track when you don’t have a proper organization. You can also see Free Budget Templates.
You might end up spending more than what you want and a family budget is always a savior here. It lists down all your expenses, total income, and the estimated budget for all the expense areas so that you can have a clear picture of your overall financial state. This way, you will have a hang on whether you are spending the right way or is there a need to cut down somewhere.
If you are looking for help on how to create a family budget, the templates mentioned above are all that you need. You have a versatile range of budget templates here to help you whether you are looking for a monthly or a bi-weekly or an annual budget. Some of them have also come with instructions on how to draft a budget.