This is the amount you expect to spend in the month. Projected Costsįor each item on the expenses sheet you need to complete the Projected cost. We will look at adding and amending some of these Descriptions and Categories in a few minutes but for the moment lets work on completing this sheet. For example, we have a Description of Extracurricular Activities, and this is in the category Children. The monthly expenses sheet has been prefilled with many different expense types within different categories. Leaving out any expected expenditure will give you an inaccurate budget. You need to enter every cent you plan on spending during the month to this sheet. On this sheet we need to enter all our outgoings. We are going to skip to the third worksheet in the Household budget template now. There are many reasons why the projected will not be the same as the actual. Working hours might change, or sick days can happen.
Very often the actual will not be the same as the projected. Only when the actual amounts have been paid to you, can you then enter them into the actual fields. Once you have entered these 3 values, the Total income will automatically calculate. If you are expecting other income, such as child support, rental income or any other cash income, this goes into the Extra income projection cell. If your household only has one income, you can leave the content of income 2 blank. We complete these values at the start of the month. You can see in the projected field for income 1 we have $6000 and for income 2 we have $1000 representing this. The higher earner expects to take home $6000 during the month and the lower earner expects to take home $1000. For example, a household has two earners. Projected income is all the cash you expect to take home during the month. All we must do is complete the Income section, both Projected and Actual. We only have a few small details to complete on this page as most of the work is automatic. Don’t panic just yet! I know it looks a lot. Budget Overviewīudget Overview sheet allows you compare your actual spend and savings against your budget. The template contains 4 worksheets and we will look at each one of these in detail as we move though the article.
HOUSEHOLD BUDGET SPREADSHEET DOWNLOAD
The household monthly budget in Excel template will download and open. Select the Household monthly budget template and select create. You will find a template named Household Monthly Budget In the search bar search for Household budget. Open a new instance of Excel and select New
HOUSEHOLD BUDGET SPREADSHEET HOW TO
Tips for keeping this household budget How to Open Household monthly budget Excel template How to Open Household monthly budget Excel template In this article you are going to learn, step by step how to set up, manage and edit the monthly household budget template in Excel. By using a template, it saves you time trying to work out what is included in a household budget. The household budget template in Excel is easy to set up and it helps you to quickly create and track your budget plan. Before you take this on, some basic knowledge of Excel would be preferable, but it is not a necessity. With the built-in templates provided by Microsoft, creating a household budget in Excel can be done with ease. Microsoft Excel is an amazing tool often used to keep track of budgets both in the workplace and at home. Keeping a household budget will really help you with that. Knowing what you can afford is critical if you want to stay out of debt. A budget should give you an accurate picture of what you are earning and what you are spending.
Setting a budget allows you to control spending and save more money. There are many reasons you would want to keep a household budget.
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