The template gives you all the data you need to start a successful financial year, all you have to do is take advantage of this comprehensive tool. With this information, you can easily organize your finances and start saving for your future. The pie charts below will display the percentage of your total income is being divided among your expenses. Head back to your “Monthly Budget Report” tab to see how your money is broken down each month. When you do the math on your budget planner sheet, your income minus your expenses should equal zero. Write in anything you don’t see a spot for. You will then proceed to list the projected cost, the actual cost, and the template will display the difference along with the cost overview. As you work through your monthly budget template: Skip any lines you don’t need. Start by entering the description of the expense list a category from the drop-down menu of the template. Now, go to the “Monthly Expenses” tab to create a continued list of your monthly expenses. You can enter as many income types that you need, as long as they contribute your monthly household income. Now, begin in the “Income” section at the top of this template. When you are ready, just continue along with the guide below to learn how to download and use the free template we have provided for you. This document is fully customizable so you can easily change anything you need within the template file. Every 3 months, take the numbers from your monthly budget and plug them into your annual budget. Try our free budget template (Excel file or PDF ). Budgets should use monthly figures because most important bills are monthly. A budget can help you: See where your money is going. If you did not stay on budget look to see where you overspent and try to do better in next month’s budget. A budget is a list of all the money you have coming in and going out in a month. The free Household Monthly Budget is a tool that helps people that are new to budgeting develop a system that works for their particular financial situation, instead of taking a “one approach fits all” stance on budgeting. Plug your spending into the Monthly Budget template at the end of the month. Saving for the future is always a wise choice, whether you live alone or you support a family, it’s always best to have a nest egg just in case.
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