household budget printable simple monthly budget template

What is a good monthly budget breakdown?.

Allocate your income according to these categories, adjust as needed and track your spending throughout the month. Then, list all your expenses, categorizing them into necessities, savings and wants.

To create a monthly budget, start by calculating your monthly income.

How do I create a budget for the month?.

It's a simple framework to manage your finances effectively.

The 50/20/30 budget rule is a guideline for dividing your after-tax income into three categories: 50% for necessities like housing and groceries, 20% for savings and debt repayment and 30% for wants or discretionary spending.

Here are the answers to some of the most frequently asked questions regarding budgeting.

Emergency fund: Include a category for emergency funds to cover unexpected expenses like medical emergencies or car repairs.

This section is crucial for your financial growth and security.

Savings and investments: Following the popular 50/30/20 rule, allocate 20% of your income to savings and investments.

Tracking these helps in identifying areas where you can cut back if needed.

Variable expenses: These include fluctuating costs like groceries, utilities and entertainment.

Allocating a specific portion of your income to these fixed costs is essential.

Fixed expenses: These are regular, unchanged expenses such as rent or mortgage, loan repayments, insurance premiums and subscriptions.

This will give you a clear idea of your total monthly earnings.

Income section: Start your template by listing all sources of income, including your salary, any side hustles and passive income sources.

Here are the key elements that make up a monthly budget template, each designed to give you a complete overview of your financial health and planning: It does not store any personal data.Key Elements of a Monthly Budget Template The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies.

The cookie is used to store the user consent for the cookies in the category 'Performance'. This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category 'Other.

The cookies is used to store the user consent for the cookies in the category 'Necessary'. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category 'Functional'. The cookie is used to store the user consent for the cookies in the category 'Analytics'. These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. Or you can skip using it all, the choice is yours. You could use this as a section divider in your planner, home management binder, or as a cover for a finance planner. Full-Size Budget Printablesįirst up is the cover page. Too many distractions can be a bad thing. You know me, I like things simple, and I think that’s especially important when you’re dealing with things like money and numbers. In typical Scattered Squirrel fashion, I kept them simple. My goal with these printables is to help us make sure we’re on track with our finance and hopefully, learn to understand them better and plan accordingly. This way, not only can I see at a glance how we’re doing, but I can also track any spending patterns we might have. This time around I’ve opted to make room to do up our budget fresh every month. I realize that no matter what I do to the printables, that really isn’t going to change for me but I still found it fun to pull these together. However, I do find it to be a little tedious. I can totally appreciate the purpose they serve. Don’t get me wrong, I like a good budget. I find budgeting to be one of the more tedious parts of being all grown up.

Household budget printable simple monthly budget template