Two income family budget template

Once you have listed down your total assets, you should now budget for them. You now focus on the household expenses. You should first make a list of your fixed expenses such as rent, transportation, electricity, medical, water and groceries among them.

Further, you can list down all the expenses which are variable household expenses. The net income refers to the amount you will keep after clearing all the household bills. If you want to remain financially secure, you should try to keep your net income positive. Similarly, you can handle any uncertainty in future if your net income is saved.

However, if your net income becomes negative your chances of going into debt are high. Therefore, in case of a negative, you can go for other options. The negative income means that you are spending more than your earning. This is a situation where you should adjust your household expenses. If you will not follow, you will feel yourself in trouble. One of the major areas you will look at is variable expenses. You can therefore decide to cut down your expenses on phone calls, hobbies, entertainment and other non-essential expenses.

You should look at the basics and give them your priority. The other thing you need to check is your household habits against your actual budget. Go through all of our finance templates, both in Excel and Google Sheets, here. Debt is something that you might not be proud of. This is why clearing debts is very important Free budget template in Excel: the top 8 for Written by Valentine Schelstraete. For Excel fans, here are some of our favorite Excel sheet budget templates that you can customize to fit your own needs:.

Monthly Budget Planner This budget planner by Money Under 30 takes monthly money management to a new level with a dedicated page for every month of the year. Annual Budget Template The Annual Budget Template gives you an overview of your yearly budget to help you keep your finances aligned.

Student Budget Template Managing finances can be a challenge for students. Household Expense Budget This financial management tool is made for budget-conscious families. Zero-based Budget Spreadsheet The idea behind this Excel sheet budget template is to allocate every dollar of your income to a part or aspect of your budget, so the difference between both equals zero.

Money Manager template Looking for a budgeting tool that will let you manage your budget and keep an eye on your expenses in a single location? Small business budget template For those who are just starting to dabble in the world of business, the Small Business Budget template is a must-download. It could be a monthly budget or an annual one- while some people also prefer to maintain a bi-weekly budget sample. The budget spreadsheet sample lists down all your income and expense areas so that you can easily calculate whether or not you have deviated from your estimated budget for each expense area.

It enables you to stay updated on your financial scene to a great extent. Check out the below-mentioned Budget Templates for that purpose. Bi-Weekly Family Budget Template thrivent. You also have space for the total monthly expense and monthly balance.

How to create a Family Budget? Did you know that Google Sheets is one of the most popular tools for budgeting? And Google Sheets has thousands of different templates to help you make a budget. Even better, most Google Sheet budget templates are free. Use the following templates to get started with budgeting in a spreadsheet, or as inspiration to build your own Google Sheet template.

Looking for a more powerful personal finance tool? Tiller automatically imports your daily spending and balances into spreadsheets, so you can track everything in one place, with everything customizable, flexible templates, and no ads. Free trial! It also provides a dashboard that can be customized with your desired income and expenses by category so you can track your budget throughout the month. This Google budget template has a devoted Reddit community and ample help docs.

A Google form linked to the spreadsheet allows you to record and categorize transactions on the go, and add a receipt photo, tag, and description.