Taking care of your household is an important, but complicated task. There is always cleaning to do, mouths to feed and things that need to be fixed or purchased. Worst of all, taking care of your house and family takes a lot of money management. With so many bills, it can be hard to keep track of your household budget. Luckily, the Household Budget Worksheet Excel Template can help you with the complex work of managing your household finances.
How to Use the Household Budget Worksheet Excel Template
- First, download the Household Budget Worksheet Excel Template for free from this website. Once the template is downloaded, open it using Microsoft Excel. With the template open, start filling out the names of your income sources (for example, you and your spouse’s names), the names of your bills and the payment types. The template is customizable, so you can add spaces for bills if you need more and adjust the formulas as necessary. Also, you can keep the division between bill types or modify the template so that all the bills are in one group.
- Next, input the number values for your household income. As you pay the bills, input the date that the bill was paid and the amount of the bill. Once this is complete at the end of the month, the formulas will automatically compute the income totals, bill totals and the household surplus or deficit. As time passes, do this for each month of the year and at the end of the year, you will be able to see the total income, expenses and remaining money for the year.
Tips for Using the Household Budget Worksheet Excel Template
- Utilize the customizable nature of the Household Budget Worksheet Excel Template to remove unnecessary spaces for income or bills and add additional space as necessary.
- A perfectly balanced budget will result in no household surplus or deficit. To get rid of any surplus money that you have at the end of the year, add a “bill” titled “savings” to the bills category and put any leftover money in this category. This will allow you to keep track of the amount you have saved each month and for the entire year.
By using the customizable, free and easy-to-use Household Budget Worksheet Excel Template, you can remove the stress of managing your household and focus on enjoying it.