This is an example of a sample home budget worksheet that you can use to prepare your own budget. It has been used by many homeowners who have tried and failed to come up with a workable plan. Here are some tips on how to use this worksheet and improve your chances of success.
Each category includes a name for the month, a name for the full year, a heading for the year, and a heading for the next year. Month names are generally listed one at a time in alphabetical order. The month headers include: First and Last, First and Third, Second and Last, Third and First, Fourth and Second, Fifth and Third, Sixth and Fourth, Seventh and Fifth, Eighth and Sixth, Ninth and Seventh, Tenth and Eighth, Eleventh and Ninth, Twelfth and Tenth, Thirteenth and Eleventh, Fourteenth, Fifteenth, Sixteenth, Seventeenth, Eighteenth, Nineteenth, and Twenty-First. Within the first month there are sections for utilities and services, food, and entertainment.
The next section consists of an expenditure breakdown for each category, which shows all of the money that is spent during each month or for the entire year. This breakdown includes total expenditure by category for each month and includes money spent on utilities, insurance, and entertainment. This is important information for anyone who has ever spent money on something and then realized that they didn’t have the money to pay for it later. This provides a record of any expenditures for which there is no money available.
The next portion of the worksheet is a listing of your income and expenses. In most cases, you will have a balance sheet on hand for reference. Many people don’t have this on hand and will have to use a blank sheet. This is fine but don’t write on it! This portion of the worksheet is typically a simple list of the income and expenses, and is a good place to start if you’re trying to understand the finances of your family.
If you have an itemized statement of your finances, you will also find an itemized example of the sample home budget worksheet that you can print off. There is also a listing of the basic items you can use to make a budget. These are typical items such as utilities, food, entertainment, education, healthcare, entertainment, and home repairs.
The last section of the worksheet is a summary. This is a brief note about the specifics of your financial situation. It may include information about why you spent a certain amount on something in a certain month, or why you ended up with a certain amount in your checking account.
Take some time to examine the sample home budget worksheet. This helps to provide some structure to your efforts to help you understand your finances. The worksheet will also show you the major categories that you will have to track, and will provide some examples of how you can define each one.
Using the sample home budget worksheet will help you develop a solid plan to help you understand how your money goes. In fact, this worksheet was designed for homeowners to follow. Once you use the sample, be sure to write it down so you have a working template that you can refer to and follow when you are creating your own budget.