In our example, we will have a monthly budget. Home > Excel Templates > Budget Templates > Family Budget Planner. xlsx version of the template, mostly explaining how to enter different types of transactions (transfers, credit card payments, savings allocations, etc.). The time period of a household budget can vary based on an individual’s needs and preferences, ranging from a monthly budget to a yearly budget or even longer. This template is great for when you are first learning to budget and track your money, but it's easier to do more detailed analysis if your transaction data is in one register, like in the original Money Management template. Here are some tips that will definitely help you during creating a household budget Tip1: Firstly, identify your spending habits. The main disadvantage of this approach is that your transaction data is split across multiple worksheets, making it more difficult to create yearly reports. For the next month, simply duplicate the worksheets. The template is suitable for a month’s budgeting. The template comes with editable cells to customize the expense and income headers.
Outline your fixed expenses and discretionary costs. That could be you, your partner, parents or children. Work out all the net income (what you bring in after tax) of everyone contributing to your household. You can change the row labels to suit your own types of income and outgoings, and insert additional rows if you wish. Budget calculator is an easy-to-use tool to manage your expenses and income monthly in Excel desktop app, Excel online, and offline format. The first step to creating your budget is to work out how much money is coming into your household. If you enter values into the Budgeted Amount and Actual Amount columns of the above household budget template, the Difference and Total fields are automatically calculated. You can make a copy of the budget worksheet for each budget period. Using the Excel Household Budget Template. Although it lacks some features of the original template, I designed it to be easier to use (requiring very little Excel experience). Like my original Money Management template, you can customize budget categories and track multiple accounts, but this version includes everything in a single worksheet and uses fewer budget categories. Is your primary goal to pay off debt Then you might like a zero-based budget. This template works for a weekly, biweekly, or monthly budget.