Household budget excel
Now, let’s look at creating what we call ‘zero-dollar budgeting’. Although it’s not directly connected with figures and accounting, staying positive and reminding yourself that you’re doing something proactive in creating a budget is something to be proud of - not everyone is comfortable taking this first, important step! Remember that a budget spreadsheet is there to help you achieve your end goals, so be sure to list them.Īt, our goal in offering a free budget planner spreadsheet is to give everyone in Australia the opportunity to find ways to save money, set realistic goals, and then build them into a budget to show how they can be achieved.Ĭongratulations! The hardest part of the setup process is over, so give yourself a pat on the back. List the goal, the due date and implement a plan to start reaching your goal – step by step. Whatever the reason, be clear when writing your budget goals.
Here are some tips to accurately gather your existing expenses to document in your budget: Instead of trying to track these mini variable expenses, you might be better off stating ‘I have $50 per week for variable expenses’ and work towards sticking to this number. For instance, some days you may buy a coffee – other days you may not. Variable expenses are slightly harder to track and may require you to set yourself a daily or weekly budget limit to help cover these.
Fixed (or recurring) expenses are easily tracked, as they are often a set amount on a regular date.There are also two types of expenses: Fixed and Variable. Listing your expenses quickly helps you establish whether you have enough money coming in to cover these. Your new expenses total $1,725 per month.You add a buffer of 15% which is calculated at $225.You estimate you spend $1,500 per month.When calculating your expenses, also factor in unexpected bills, such as unplanned car repairs.Ī good rule of thumb is to add an extra 10 per cent to 15 per cent. A forgotten bill really throws a wrench into your savings plan. Remember that being thorough when you add up expenses is important in creating a realistic budget. Some expenses are intermittent, such as insurance payments, so to get the most accurate financial picture you can calculate an average for six months to a year. Assess your expenses by consulting your bank statements, receipts, and financial files.