FREE Household Budget Templates

Budgeting is a process that every family must practice. When you have a budget, you can remember not to spend money that's not part of your budget, so you can save your money. And for that, we want to help you with making your family budget. So, download your budget from our trove of professionally made Household Budget Templates. These templates are 100% editable and printable. So, what are you waiting for? Download a template now!

How to Create a Household Budget

Debt.com's 2019 poll found out that 25% of Americans agreed that everybody should have a personal budget. Although this number isn't so big, we can still see that some people value budgeting. And if you're one of these few people, start creating your household budget today. Budgeting will help you value your money, and this will steer you away from debt, too.

And we'll help you make a budget for your family with the guide of the tips we've prepared below.

1. Choose a Tool on Where to Record Your Budget

Before you create your budget, make sure that you choose a mode on how you will record your budget. You can have a budget worksheet, spreadsheet, or other modes that work best for you.

Additionally, so you won't have to start from scratch, you have a template. We have a lot of templates above that you can use for your simple household budget. Choose among the printable templates above the template that is the most convenient for you.

2. List Your Income

The first thing you must do in making your weekly or monthly budget is to identify where your income is coming from. Is it from your salary, child support, or others? List all of them on your budget spreadsheet or the tool that you chose for your budget.

3. Categorize Your Expenses

Next, you can proceed to the expenses. You can categorize your expenses into housing (rent, mortgage), utilities (water, electricity), health (dental or medical check-ups, medicine), food (groceries, restaurant meals, lunch), savings, debts, and more. Then, add all of your expenses and write the sum on your weekly or monthly budget worksheet.

4. Subtract Expenses from Income

Next, subtract your total expenses from the total income. The difference should not come out as negative, or else your simple budget will not work. If for instance, it comes out negative, you have to adjust your expenses. You can cut down your grocery, for example, so your expenses will fit your income.