When I first got married, I was completely clueless about how to manage and budget my income. It left our family living paycheck to paycheck and always wondering where our money was going.
When we finally started budgeting and taking control of where our money would go each month, our whole financial situation changed. Now, we were telling our money what to do.
I’ve created this free family budget worksheet to help encourage others to take control of their own financial future, too.
How to use the Family Budget Worksheet
Start each month by planning for your expenses and income. If your income varies from month-to-month, start saving up a one month cash reserve and then start budgeting off of you previous month’s paycheck so you can have an exact amount to budget each month.
Fill in each of your bills and budgeted categories on your family budget worksheet with how much of your income you will allow for each category.
Keep in mind it’s a good idea to budget for longer-term expenses like home repairs or gifts so that you aren’t hit with one big expense when birthdays roll around or your air conditioning breaks.
Set aside what you budget for areas like this each month in a separate savings account or pull them out as cash so they don’t get spent on impulse purchases.
At the end of the month, record what you spent in each area and then sum the difference for each row. Take a look at how you did in each area and evaluate what needs to change for the next month. If your bill was higher than expected, determine why.
Did you over spend at the grocery store? Consider using a cash envelope system to stay in your budget.
Was your electric bill higher than anticipated? See if there are ways to cut back energy use or find other areas you can adjust to accommodate a more accurate typical bill.
Use what you learn each month about your spending habits to improve your own ability to balance your accounts and manage your finances.
Come see our next free budgeting printable – a Monthly Bill Pay checklist! You can subscribe to my once a week newsletter and get an updates on new posts. I have a whole series of worksheets scheduled with a new printable every other Friday.
Start saving easily with just $2/per week with our Emergency Fun Savings tracker!
Get Our Free Family Budget Worksheet
To download the free family budget worksheet printable, click on these links or the image above! It will open in a new window where you can view, save or print the PDF. If you save the file to your computer you can print it as needed.
This family budget worksheet can be printed in full letter sized paper or download the mini binder printable version and store it in a small binder which is easier to store and portable!
These are some of my favorite mini binder supplies. I personally use a mini binder for my home management papers as I like how little room it takes up in my kitchen drawers.