A family budget is the key to managing finances and saving money. Use this generic family budget to monitor your family’s income, expenses, and cash flow for each month of the year.
Why Use the Generic Family Budget Template?
It is critical for every family, who is serious about their financial well-being, to be able to save money for a family home or an automobile, college educations, and other crucial financial decisions. This family budget template is a welcome and necessary instrument to help manage family finances.
Families can use this template to monitor their budget each month for a year, by putting their information into customizable income and expense categories
- The Family Budget Template is available for free on this page
- The Family Budget Template is customizable
- The Family Budget Template is easy-to-use and downloadable right here
How to Use the Generic Family Budget Template
- First, fill in the amounts for your expenses for each month. Examples of expenses might be rent, transportation, healthcare, insurance, food, education, savings, transportation, etc., and save the file.
- Second fill in your family’s income data for each month. Subtract total expenses from total income.
- Third, fill in the amount you have left over after expenses each month. This is your cash flow.
Pay attention to what percentage of your income is being spent on each item. Pinpoint any areas where expenses are higher than they should be.
Tips for Using the Generic Family Budget Template Word
- Use this generic family budget template to monitor income and expenses each month for one year.
- Use the slider to scroll through each month.
- Pay attention to what percentage of your income that is being spent on each item.
- Try to identify items that are eating up too much of your income.
The generic family budget template can be personalized to fit the needs of your family. All families must have a budget. Use the Family Budget Template to make the process easy and fun for the whole family.
Download: Generic Family Budget Template