Updated February 5, 2020 . AmFam Team
Creating a monthly budget is one of the best things you can do for your financial health. It helps you make smart spending decisions, see where your money is actually going, pay off your debts and set long-term goals, like buying your first home!
But without the right tools, budgeting can get tricky — and that’s why we’re here to help. The best tool for staying on top of your monthly finances is a budget sheet – aka a budget planner, or budget template. Here are some ideas for a monthly budget sheet to get you – and your budget – on the right track.
A monthly budget is a document that details your finances – incoming money, and outgoing money – to help you keep track of your monthly spending (and earning) history in a simplified format. This document can be handwritten on paper or typed up and stored digitally – the choice is yours. Just make sure that you keep your monthly budget documentation in a place where you can refer to it easily.
Budgeting doesn’t have to be complicated. free budget templates to fit your needs and lifestyle, whether you’re a parent with kids in daycare or heading into retirement. Choosing the one that’s right for you is crucial to help you get a clear picture of your income and expenses.
1. Student Budget Template
This student budget template (Opens in a new tab) is perfect for anyone in college or graduate school. It can help you save big and make budget-conscious spending choices.
2. Simple Budget Template
For people without a lot of variables in their income and expenses, this simple budget template (Opens in a new tab) can help you budget and stay on track!
3. Household Budget Template
Any family can benefit from this household budget template (Opens in a new tab). It’s perfect for multiple-income households.
Budget spreadsheets can help you simplify your financial planning. By tracking your income and expenses, you have a concrete way to see how much money you can (or can’t) spend every month. The key is to make sure that all of your bills are accounted for within your budget template. Then keeping up with your expenses is as easy as regularly referencing your budgetary document!
If you’re living with a significant other, it’s important to make sure you’re both on the same page with bills. The monthly budget planner is an ideal way for you and your partner to assure that your finances stay on point.
If you need additional budgeting assistance, we can help! Check out these easy tips to keep your budget on track.
This article is for informational purposes only and based on information that is widely available. This information does not, and is not intended to, constitute legal or financial advice. You should contact a professional for advice specific to your situation.