How to Create a Monthly Budget [10+ Templates to Download]

There are people who find it difficult to keep track of how much they earn and spend within a month’s time. That’s why it is important that they are able to come up with a monthly budget. This article will teach you all that you need to know in terms of how you should go about in managing your budget for the month.

4 Steps for Creating a Monthly Budget

Step 1: Calculate Your Monthly Income

The first thing that you should put into your budget document would be the income that you receive within the month’s time. Make sure to list down all of the different sources as this will help give you an idea on the amount that you can spend or save within the time period.

Step 2: Calculate Your Expenses

Once you’re done figuring out just how much you make, you’ll also need to know just how much you need to spend within the month. All of your monthly expenses should be listed down into the document as this will tell you just how much income you’ll need in order to get through the month.

Step 3: Come Up With the Projections

This is where you’ll need to think of the estimated total amount of income and expenses for the entire month. This is something that you’ll need to do, especially if you have any irregular sources of income or expenses. Use the information that you already have and come up with the closest estimate possible.

Step 4: Adjust the Budget

If you see that your expenses are higher than your total amount of income, then this means you will need to readjust your simple budget. So what you will need to do is to either cut out a few unnecessary expenses or you can see if there are any additional sources of income that you can factor into the budget.

10+ Monthly Budget Templates

1. Monthly Business Budget Template


It is always going to be tough when it comes to managing a business’s finances. That is why this template is here to help. With it, you will be able to come up with a business budget plan that will ensure that there won’t be any losses and that you will only see gains.

2. Monthly Budget Worksheet Example


There are those who would like to place their budget within a spreadsheet document as they feel that they can use it more effectively than any other type of budget document. If you are such a person, then you should use this template to help you create a budget spreadsheet of your own.

3. Monthly Budget Planner Sample


People who have trouble planning out their entire budget for the month will find this template to be of great use. With it, one can easily come up with a proper planner that can easily point out all of the different sources of income and expenses that he/she may have.

4. Monthly Project Budget Template


There may come a time where an employee is required to provide a report on the business’s monthly budget. Should that be the case, then this template can help create the document. Use it so that you can come up with an understandable and detailed  monthly budget report of the business.

5. Monthly Budget Planner Template


Remember that this is the type of template you can use to help you easily plan out your budget within the month’s time. Should you decide to use it, know that this template can be opened and customized with the use of programs such as Microsoft Word, Apple Pages, and Google Docs.

6. Restaurant Monthly Budget Template


Restaurants have so many things to spend on that it’s important to know just how much they are able to make so that they can continue operations. With this template, you can guarantee that you will be able to handle all of your restaurant’s finances so that you can get through every month.

7. Household Monthly Budget Spreadsheet


There are some people who find it difficult in knowing what it is that their entire household spends on. To ensure that you don’t have such a problem, then it’s best that you use this template. Doing so will help you plan out your household budget to ensure that you don’t go spending too much.

8. Monthly Budget Management Report Sample


People who love managing their monthly income will want to make use of this template. Know that with it, you should be able to easily figure out just how you will need to manage all of your income and expenses for the following month. Once you’ve made it, you can keep using the template for as long as you need to.

9. Free Monthly Budget Template


Monthly budgeting is never going to be an easy task, especially for those who find it difficult to save more than they spend. That’s why this monthly budget template will help you by allowing you to come up with a document which can easily keep track of what you earn and spend.

10. Monthly Budget Template for Teens Download

Even teenagers need to know just how they should handle their money as they usually don’t have much in terms of income. With this monthly budget template specifically meant for teens, those who use it can ensure that they know how they will be able to spend their money wisely without having to worry about overspending.

11. Personal Monthly Budget Worksheet Download

If you wish to come up with your own personal budget document, then you should consider using this template. This is perfect for those of you who need a detailed list of all your income and expenses, plus it will help you organize your finances to the point where you’ll know exactly how you should budget for the month.