See the Weekly Ad Preview & Stores Sunday Circular Sales Ad here

See the latest Store Sunday Circular and Sunday Sales Ad here!! Many people are no longer getting the Sunday Newspaper so they are not getting the weekly Sunday Circular Sales Ads or Coupons! Many do not have the weekly ad preview or Sunday circular ads to view and they are printing coupons online or buying …

My Favorite Recipes Collection

Welcome to my favorite Recipes Collection! Check out my favorite recipes collection! As a full time working mom, ease of getting dinner on the table is important along with keeping costs down. Please share which of these you would add to your favorite recipe collection!   Air Fryer Recipes Appetizer Recipes Beverage Recipes Crockpot Slow …

Free Printable Grocery Coupons – get them here!!

    Get 100’s of Free Printable Grocery Coupons below!! Grocery coupons can be found in many places. The most popular place to get printable grocery coupons is Coupons.com! New coupons are releases daily and you can get 2 prints per device!       Print over $500 in Coupons.com coupons General Mills, P&G, Kelloggs, Kraft, …

What are Essential Oils?

What Are Essential Oils? Essential oils are the oil of the plant from which they were extracted. Basically they are concentrated herbs! The oils contain all of the greatness that protects and maintains the plant, and we can use them to help support our own bodies’ health and wellness. There are many different kinds of …

Online Coupon Codes – get yours here before you shop!

Search our database for Online Coupon Codes by store or category below to save money on retail store purchases you make! Everyone loves to save whenever they shop so make sure to search the database for an online coupon code before you make your final purchase online! Find online coupon codes for Kohls, JcPenney, Hobby Lobby, …

Free Samples and Offers updated Weekly!

Get Free Samples and Offers below: Everyone likes to get free samples and offers to try products from different brands. We even tell you How to get FREE Credit Report! We will try to update these free offers as we get them! If you are going to be signing up for numerous freebies, you may …

63 Amazon Coupon Codes: $2.49 Bic Pen 50pk, $28 Security Camera +

Check out Todays Amazon Promotional Coupon Codes 2021! Using this Amazon Promo codes 2021 post can help you save money on gifts and items you need! These Amazon promotional and coupon codes are not easy to find so here is a list that has been sent to us from Amazon sellers. We get them sent …

Our Own Printable Coupon Database with more than 4000 coupons!

Welcome to Our Printable Coupon Database There are thousands of coupons available to use to save your family money everyday. Our printable coupon database allows you to search for coupons on your grocery list every week! The database is updated daily with new coupons being added and expired being taken out.   Search for coupons …

previous arrow
next arrow
previous arrownext arrow
Slider
Skip to Content

Free Printable Monthly Budget Worksheet Template

budget worksheet template printableA personal or household budget is an itemized list of your expected income and expenses that helps you to plan for how your money will be spent or saved, as well as track your actual spending habits. The word budget makes some feel like they are in a corner on their spending but it is wise to know where your money is actually going. You may be surprised to see how much money you spend on Coffee and Lattes!! We have provided a FREE printable Monthly Budget worksheet template for you to print out and use. Even though we are in a digital age, it is easier to see things on paper printed in front of you and its easy reference if you keep these monthly budgets in a nice binder

Free Monthly Budget Worksheet Template

PRINT YOUR BUDGET SHEET HERE- Monthly Budget worksheet

A budget is really just a tool to gain a better and more accurate insight into your spending habits. By listing all of your sources of income against all of your monthly expenditures, you get a true picture of your personal cash flow, which will allow you to make better and more informed financial decisions. An accurate budget will also help you to better understand what you can and cannot afford.

If you’re finding your financial situation is changing due to an unforeseen economic downturn or job loss or you wish to begin investing more money or are finding yourself using a credit card often, now is a good time to get familiar with these resources and get ahead of your budget to keep your family out of debt and using your money wisely by investing the extra money you do have.

How to Use Monthly Budget Worksheets & Templates 

As everyone’s financial situation is different, you may find that not every category in these worksheets below is applicable to your income or spending. You may even recognize that some months are different than others, but you should find after going through this exercise that you are more prepared for those changes and that you’re accounting for unanticipated expenses as well. Here is a breakdown of the Monthly Budget Template.

INCOME SECTION:

Though a monthly budget cycle is generally the most reasonable timeframe for which to set up an initial personal or household budget, there are many sources of income and expenses that do not perfectly follow a monthly schedule. For instance, you may receive a paycheck every week or two weeks, not once a month.In that case, calculate how that adds up over one month’s time and write that in the appropriate row and column. You may also have certain expected or even recurring expenses that occur more or less often than monthly. To account for those expenses (like car insurance or property taxes) in your monthly budget, simply calculate the total expense for the calendar year and divide that by 12 in order to find the “monthly” expense. Write that number in the appropriate row and column.

EXPENSES:

This category has items that are mainly fixed for every household. Some of these items can be decreased if you are diligent in checking the competition such as Car Insurance and Cable.Listed first are Savings & Retirement/Investments for a reason. You should have a savings account for those unexpected maintenance expenses or in case of a job loss. The rule of thumb is to save 10% of your income but start somewhere that you can fit in to your budget, even if you have credit card debt. Having a savings account helps you from having to use a credit card. It is recommended to have a separate savings bank account. Retirement/Investments should also be high on your list. Even if you can only afford $25 per week, it is still someting you are saving towards your retirement. The rest of the items in this category are pretty straightforward.

DEBT:

Credit Cards and Loans need to be paid down as soon as possible as you are paying interest on borrowing that money. That interest money you are spending can be making you money in an investment or buy you somehting for your home and family. Having a savings account will help you avoid from creating debt.

FLEXIBLE EXPENSES:

This category is more specific to your families needs such as child care, gas, entertainment, groceries etc. These expenses can but cut the easiest such as using coupons for groceries, shopping at places such as BJs Wholesale or Tops Markets to get less expensive gas or earn gas points, maximizing your grocery budget, spending summer holidays at home instead of vacationing etc.

You’ve Completed the Budget Worksheet, What Now?

Should you find that at the end of the month that you are consistently spending more than you are bringing in, it might be time to take a closer look at where you’re spending your money and adjust those areas where you can to make up the difference. The printable monthly budget template makes this easy to refer to and see what spending seems high.Should you find, on the other hand, that you consistently have money left over every month, you now have the opportunity to decide what to do with that extra cash.Perhaps you need to build up an emergency or “rainy day” fund. You could also be contributing more to your retirement savings. Consider paying off certain loans faster, or perhaps you can start saving up for a special or large purchase.To make this process easier, you can also use the Mint.com app which is free. It will categorize your spending (once you tell it which category the expenditure belongs in) and will make it easier to fill in the sheet. You can also make your budget right in the app, however, the printable sheet is great to reference month to month to see where your adjustments are needed. Read the Best Free budgeting apps here if you would like more digital options!

Check out these books on budgeting also!

See more ways to save money here!

4 easy ways to cut monthly expenses
← Previous
4 Easy Ways to Cut Your Monthly Expenses
Cheesy Broccoli Brown Rice Casserole
Next →
Try this tasty Cheesy Broccoli Brown Rice Casserole Recipe

PRINTABLE BUDGET PLANNER FOR 2021 | 360NG

Thursday 11th of February 2021

[…] Free Monthly Budget Worksheet Template from Coupons for Your Family is an excellent choice for those that are new to budgeting. When you first start trying to put a […]