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Free Household Budget Worksheet


Balanced Monthly Spending Plan for ________________________
Free household budget worksheet (2 of 3)

You should have completed the monthly budget worksheet to enable you to compare your actual spending for the month against your net monthly income. In this worksheet, we want to help you create a balanced spending plan.

On average, people spend 10% more than they make each month. You can't eliminate debt, increase savings, or maximize your investments if you are spending more than you bring in each month. This free household budget worksheet will help you create a balanced monthly spending plan so that you can cut hidden spending, increase savings, and eliminate debt.

Print out the worksheet below and:

  1. List your actual expenditures from January (from the previous email worksheet) in the column labeled "Spent Last Month".
  2. List your net monthly income and the difference between what you spent and your net income in the "Balanced Spending Plan Summary" table.
  3. Make the adjustments necessary for the plan to balance with your income in the column titled, "Adjusted Allocation".
  4. Add up the totals from your adjusted allocations in the "Balanced Spending Plan Summary" table.
  5. Subtract your total allocations from your net monthly income. This amount should be zero so that you have all your income allocated to a spending category, with no overspending.
MONTHLY SPENDING ACCOUNTS
MONTHLY REQUIRED EXPENSES
SPENT LAST
MONTH
ADJUSTED
ALLOCATION
Childcare (Day Care)    
Debt/Payment To: Credit Card #1    
Debt/Payment To: Credit Card #2    
Debt/Payment To: Credit Card #3    
Debts: Car Payment #1    
Debts: Car Payment #2    
Debts: Mortgage    
Entertainment: Cable & Internet    
Financial Plan: IRA    
Insurance: Auto    
Insurance: Health    
Insurance: Housing    
Savings    
Utilities: Electricity    
Utilities: Gas    
Utilities: Water/Sewer/Trash    
Other Expense #1    
Other Expense #2    
Monthly Required Total (a):
   
MONTHLY DISCRETIONARY EXPENSES
SPENT LAST
MONTH
ADJUSTED
ALLOCATION
Allowances: #First_name#    
Allowances: Spouse    
Auto: Gas & Oil    
Childcare (Babysitter)    
Clothing    
Entertainment: Movies & Events    
Financial Plan: Investments    
Food: Dining Out    
Food: Groceries    
Utilities: Phone    
Utilities: Mobile Phone    
Other Expense #1    
Other Expense #2    
Monthly Discretionary Total (b):
   

PERIODIC SPENDING ACCOUNTS

PERIODIC REQUIRED EXPENSES
SPENT LAST
MONTH
ADJUSTED
ALLOCATION
Auto: Registration    
Insurance: Homeowner's    
Insurance: Life    
Taxes: Property Taxes    
Other Expense #1    
Other Expense #2    
Periodic Required Total (c):
   
PERIODIC DISCRETIONARY EXPENSES
SPENT LAST
MONTH
ADJUSTED
ALLOCATION
Auto: Maintenance    
Donations    
Financial Plan: College Fund    
Financial Plan: Investments    
Gifts: Birthday    
Gifts: Holiday    
Gifts: Other    
Health: Co-pay & Supplies    
Household    
Vacation    
Other Expense #1    
Other Expense #2    
Periodic Discretionary Total (d):
   

BALANCED SPENDING PLAN SUMMARY

 
SPENT LAST
MONTH
ADJUSTED
ALLOCATION
Net Monthly Income                                       
Monthly Required Total(a)    
Monthly Discretionary Total (b)    
Periodic Required Total(c)    
Periodic Discretionary Total (d)    
Total Monthly Allocations (a+b+c+d)    
Balance
(Net Monthly Income less amounts spent or allocated)
 
 
(should be 0)

There is an automated way to do this that will save you time and money! Mvelopes Personal will help you create a balanced spending plan, and it will automatically track your spending. You will always know exactly how much you have left to spend and how long it has to last. Mvelopes Personal allows you to create as many budget categories as you need, and also allows you to track spending from as many bank accounts, credit cards, and debit cards as you want. No more paperwork, no more math, and no more manual data entry. Get a free 30 day trial of Mvelopes Personal today by clicking here or visiting www.mvelopes.com.

Free Budget Worksheets - Page 3 Here   

Free Household Budget Worksheet - Page 1 Here   













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