Making household Budget Categories Templates is very easy. Plan for future family events like birthdays and thanksgivings.To identify the main sources of income.Make space for some unplanned expenditure too, as that too can happen in a given month, and your household budget plan is ready to use.Ī household Budget Templates free for download is used for the following Make sure you put all the incomes and expenses on the paper, so that you can have a better understanding of the financial situation of your household. You can also see Non Profit Budget Templates You might have to make some changes in the template, or you can make your own budget plan format with relevant information. Household budget plan templates are available easily on the internet and all you need to do is download one according to your needs and preferences, and provide the information properly. Hence, it can be said, everyone needs a household budget plan. Even small or medium sized households can benefit from a properly made household budget plan. It is not true that only bigger households need household budget plan. Moreover, if you are planning to make any savings, by curtailing unwanted expenses, you could also take the help of a household budget plan. However, for retired people depending upon a fixed income and having medical bills to pay, this could be a very good option to keep the expenditure in check. Who Needs A Household Budget Plan?Ī household budget plan can come handy for each and every householder. This is why the household budget plan is important, because it can curtail the unnecessary expenses and wastage of money per month. If during the beginning of the month a budget plan is created and followed throughout a month, the expenditure can come down to a large extend, and it may be possible to make some savings. This is why a household budget plan comes handy. Often, if things are not kept in check, the expenditure can exceed the income. Other: School loans School expenses Credit card payments money put into savings Miscellaneous.Download What Is The Importance Of A Household Budget Plan?Įach and every household has a certain amount of income in a month, and certain fixed and certain added expenditures.Financing expenses: Credit card fees check cashing fees Bank fees Other fees.Personal/Family Expenses Money sent to family Child support Daycare Clothing/Shoes Laundry Charitable giving Entertainment Other personal expenses.Health: Health Insurance Co-pays Medicine Other health expenses.Transportation: Car loan payments car insurance car maintenance public transit costs gas parking/tolls Other transportation expenses.Food: Groceries Eating out Other food expenses.Housing: mortgage or rent Utilities (power, gas, water) Internet, cable, satellite Insurance Other (taxes, HELOC payments, etc.).Here are some ideas for expense line items and categories, in case you miss any: Skip a line after this category and move on to Food, following the same pattern. In the cells below this one, fill in different housing expenses that you have each month, like mortgage or rent payments, utilities, and insurance, using one cell for each expense. ![]() Start by skipping a line after your "Total Income" cell in column A and write in "Expenses." In the next cell down, write in "Housing." This is the largest expense for most people, so create space for this category of expenses first. Because of this, it's easiest to split your expenses up into general categories. Odds are that there will be considerably more individual line item expenses than there are income items. ![]() Next, you need to input expense in the same way that you put in income. Recheck it to make sure that it matches the formula above.įill in expense titles.
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