Ready to get started? How do I make a family budget spreadsheet? Step 1: In Column A you’ll see sample categories listed. If you are unable to open a PDF, you can draw out a template (based on the instructions below) and fill it in for now, until you are able to create a digital one. Keep the spreadsheet open in another tab as we work step by step to get your family’s monthly budget set up. Once in your program of choice, type out your own monthly template based on the sample I provided.You also can use this as a printable, but personally I find that it’s more efficient to use the computer.After downloading the template, you’ll want to open up Google Sheets or Microsoft Excel (or whatever program you have where you can create spreadsheets).Before we get started: download your free printable budget template (no need to subscribe or anything). Now that we have our monthly income in mind and the components of a family budget (bills/expenses), we can create a plan.
How I Do Our Family’s Monthly Budget (with free excel template)
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Related: How to Afford to be a SAHM on One Income
Write down categories of bills and expenses. Now that we’ve considered these two factors, we’re ready to plan out our monthly budget. While you can set a maximum allowance for those categories, the number will typically change month to month. Most bills are predictable like your mortgage or rent payment (static bills), while others will be more flexible like gas, groceries and entertainment. Components of a Family BudgetĪfter considering monthly income, the next step is to plan out your categories, or as I like to call them “line items” on your budget spreadsheet. Try working with a budget of $3000 or $2500, that way you leave yourself a little wiggle room. For example: Let’s say on a good month, your monthly income is $4,000. If your family’s income fluctuates each month, err on the side of caution and pick a baseline number to work with. The most important factor here is to start with monthly income and then work backwards from there. As a student in the course, you’ll be invited to join our private SAHM Facebook group! There’s an entire module dedicated to Home Management Systems (AKA running your home on autopilot). If you’re all about step-by-step help, I teach a course called the Ultimate Stay at Home Mom Course that will help you take your stay at home mom life from chaos to control. – Hi! I’m Marla, full-time SAHM to 3 little girls. Your family’s division of responsibilities may look different, but at the end of the day, establishing a monthly budget and sticking to it, is essential for any family. This strategy will change your life when it comes to budgeting.īut first, you should know I am not a financial planner, expert, or anything of the sort! Just a mom like you who has to wear a million hats while managing a family.Īs a stay-at-home mom, I am responsible for various aspects of our daily lives:Īnd my husband is responsible for a different set of duties: I’ll walk you step by step through how I created my monthly excel spreadsheet in Google Sheets, to how I maintain our family’s budget once a month. Today I’m going to share my simple budget strategy with you. Get my free printable excel budget template to help keep you on track. Inside: Learn how I do our family’s monthly budget ! Keeping track of household expenses is essential.
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