Family Budget Planner

by Vertex42.com © 2011-2020 Vertex42 LLC

Beginning Spending Balance 500 More Budget Templates
Beginning Savings Balance 500 [42]

Summary Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Total Income 1,100 0 0 0 0 0 0 0 0 0 0 0 1,100 92
Total Expenses 1,155 0 0 0 0 0 0 0 0 0 0 0 1,155 96
NET (Income - Expenses) (55) 0 0 0 0 0 0 0 0 0 0 0 (55) (5)
Adjustment to Savings 0 0
Spending Balance 445 445 445 445 445 445 445 445 445 445 445 445
Savings Balance 500 500 500 500 500 500 500 500 500 500 500 500

NET (Income - Expenses) Spending Balance Savings Balance

500 600
400 500
300 400
200 300
100 200
0 100
(100) 0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
INCOME Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Wages & Tips 1,100 1,100 92
Interest Income 0 0
Dividends 0 0
Gifts Received 0 0
Refunds/Reimbursements 0 0
Other 0 0
Transfer From Savings 0 0
Total INCOME 1,100 0 0 0 0 0 0 0 0 0 0 0 1,100 92

SAVINGS EXPENSE Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Emergency Fund 0 0
Car Replacement Fund 0 0
Retirement Fund 0 0
Investments 0 0
Education Fund 0 0
Other 0 0
Total SAVINGS EXPENSE 0 0 0 0 0 0 0 0 0 0 0 0 0 0
% of Total Expenses 0.0% - - - - - - - - - - - 0.0% 0.0%

HOME EXPENSES Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Mortgage/Rent 350 350 29
Electricity 150 150 13
Gas/Oil 0 0
Water/Sewer/Trash 0 0
Phone 20 20 2
Cable/Satellite 0 0
Internet 0 0
Furnishings/Appliances 0 0
Lawn/Garden 0 0
Home Supplies 0 0
Maintenance 0 0
Improvements 0 0
Other 0 0
Total HOME EXPENSES 520 0 0 0 0 0 0 0 0 0 0 0 520 43
% of Total Expenses 45.0% - - - - - - - - - - - 45.0% 45.0%

DAILY LIVING Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Groceries 0 0
Personal Supplies 0 0
Clothing 0 0
Cleaning Services 0 0
Dining/Eating Out 0 0
Dry Cleaning 0 0
Salon/Barber 0 0
Discretionary [Name 1] 0 0
Discretionary [Name 2] 0 0
Other 0 0
Total DAILY LIVING 0 0 0 0 0 0 0 0 0 0 0 0 0 0
% of Total Expenses 0.0% - - - - - - - - - - - 0.0% 0.0%

CHILDREN Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Medical 0 0
Clothing 0 0
School Tuition 140 140 12
School Lunch 0 0
School Supplies 0 0
Babysitting 0 0
Toys/Games 0 0
Other 0 0
Total CHILDREN 140 0 0 0 0 0 0 0 0 0 0 0 140 12
% of Total Expenses 12.1% - - - - - - - - - - - 12.1% 12.1%

TRANSPORTATION Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Vehicle Payments 0 0
Fuel 0 0
Bus/Taxi/Train Fare 0 0
Repairs 0 0
Registration/License 0 0
Other 0 0
Total TRANSPORTATION 0 0 0 0 0 0 0 0 0 0 0 0 0 0
% of Total Expenses 0.0% - - - - - - - - - - - 0.0% 0.0%

HEALTH Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Doctor/Dentist 50 50 4
Medicine/Drugs 0 0
Health Club Dues 0 0
Emergency 0 0
Other 0 0
Total HEALTH 50 0 0 0 0 0 0 0 0 0 0 0 50 4
% of Total Expenses 4.3% - - - - - - - - - - - 4.3% 4.3%

INSURANCE Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Auto 0 0
Health 0 0
Home/Rental 0 0
Life 0 0
Other 0 0
Total INSURANCE 0 0 0 0 0 0 0 0 0 0 0 0 0 0
% of Total Expenses 0.0% - - - - - - - - - - - 0.0% 0.0%

EDUCATION Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Tuition 0 0
Books 0 0
Music Lessons 0 0
Other 0 0
Total EDUCATION 0 0 0 0 0 0 0 0 0 0 0 0 0 0
% of Total Expenses 0.0% - - - - - - - - - - - 0.0% 0.0%

CHARITY/GIFTS Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Gifts Given 0 0
Charitable Donations 0 0
Religious Donations 0 0
Other 0 0
Total CHARITY/GIFTS 0 0 0 0 0 0 0 0 0 0 0 0 0 0
% of Total Expenses 0.0% - - - - - - - - - - - 0.0% 0.0%

OBLIGATIONS Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Student Loans 0 0
Credit Card Debt 50 50 4
Other Loans 0 0
Alimony/Child Support 0 0
Federal Taxes 0 0
State/Local Taxes 0 0
Legal Fees 0 0
Other 0 0
Total OBLIGATIONS 50 0 0 0 0 0 0 0 0 0 0 0 50 4
% of Total Expenses 4.3% - - - - - - - - - - - 4.3% 4.3%

BUSINESS EXPENSE Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Deductible Expenses 0 0
Non-Deductible Expenses 0 0
Other 0 0
Other 0 0
Total BUSINESS EXPENSE 0 0 0 0 0 0 0 0 0 0 0 0 0 0
% of Total Expenses 0.0% - - - - - - - - - - - 0.0% 0.0%

ENTERTAINMENT Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Activities 0 0
Books 0 0
Games 0 0
Fun Stuff 0 0
Hobbies 0 0
Media 0 0
Outdoor Recreation 0 0
Sports 0 0
Toys/Gadgets 0 0
Vacation/Travel 0 0
Other 50 50 4
Total ENTERTAINMENT 50 0 0 0 0 0 0 0 0 0 0 0 50 4
% of Total Expenses 4.3% - - - - - - - - - - - 4.3% 4.3%

PETS Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Food 30 30 3
Medical 0 0
Toys/Supplies 0 0
Other 0 0
Total PETS 30 0 0 0 0 0 0 0 0 0 0 0 30 3
% of Total Expenses 2.6% - - - - - - - - - - - 2.6% 2.6%

SUBSCRIPTIONS Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Newspaper 0 0
Magazines 0 0
Dues 0 0
Club Memberships 0 0
Other 15 15 1
Total SUBSCRIPTIONS 15 0 0 0 0 0 0 0 0 0 0 0 15 1
% of Total Expenses 1.3% - - - - - - - - - - - 1.3% 1.3%
[42]

VACATION Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Travel 0 0
Lodging 0 0
Food 0 0
Rental Car 0 0
Entertainment 0 0
Other 0 0
Total VACATION 0 0 0 0 0 0 0 0 0 0 0 0 0 0
% of Total Expenses 0.0% - - - - - - - - - - - 0.0% 0.0%

MISCELLANEOUS Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Bank Fees 0 0
Postage 0 0
Other 300 300 25
Other 0 0
Other 0 0
Total MISCELLANEOUS 300 0 0 0 0 0 0 0 0 0 0 0 300 25
% of Total Expenses 26.0% - - - - - - - - - - - 26.0% 26.0%
HELP
https://www.vertex42.com/ExcelTemplates/family-budget-planner.html © 2011-2020 Vertex42 LLC

Intro
This budget spreadsheet is designed to help you create a budget for an entire
year. Doing this can help you make predictions about your future finances.

Step 1: Define Budget Categories

Edit the existing income and expense categories by changing the labels in the
first column as needed, but do not remove the "Transfer from Savings"
category in the Income table.

If you add or remove a major category, you will need to edit the formulas in the
Summary table (particularly the Total Expenses formula).

If you need to add or insert rows/subcategories, make sure the Total and
Average formulas are copied.

IMPORTANT: When inserting new rows, do not insert a new row immediately
above the Total line. Instead, insert a new row above the last sub-category,
and copy the Total and Avg formulas down.

Step 2: Enter Your Beginning Balance

Add the balances in your spending accounts (cash, checking) to come up with
your beginning spending balance.

Add the balances in your savings accounts and enter that sum as your
beginning savings balance.

If you wish to start with a month other than January, you can edit the column
labels as needed.

Step 3: Define Your Budget

Using income and expense data from past receipts, balance statements, bills,
pay stubs, and other information that you know about the coming year, fill in
the budget amounts for each of the categories you have defined.

Fixed and Variable Expenses

For fixed expenses, such as rent or mortgage payments, enter the same
amount in each month.
 For variable expenses such as utility bills, groceries, and birthday gifts, you can
enter the estimated amounts in the months that they occur. Or, you can enter
an estimated monthly average.

Transfers To/From Savings

This template treats transfers TO savings as expenses, and transfers FROM
savings as income. This makes sense if you think of an "expense" as money
leaving your spending accounts and "income" as money entering your
spending accounts.

Adjustments to Savings
Except for transfers to/from savings, this spreadsheet does not track changes
to your savings accounts such as payments made directly from savings,
interest earned, or gains/losses in investments.

If you want the Savings Balance to reflect these types of changes, then use the
Adjustments to Savings row in the Summary table.

Step 4: Analyze Your Budget

Ideally, you want your Savings Balance to be increasing over time and you
want to maintain a comfortable cushion in your Spending Balance.

If you are noticing a consistent positive NET (a good thing), then you may want
to allocate more towards savings. If you see a consistent negative NET, then
you may need to make some budget cuts.

Use the "% of Total Expenses" under each major expense category to help you
determine where your money is going.

Related Templates and Resources

► Income and Expense Worksheet

► Money Management Template

► How to Make a Budget with a Spreadsheet

► 12 Principles of Personal Finance

© 2011-2020 Vertex42 LLC
Family Budget Planner
By Vertex42.com
https://www.vertex42.com/ExcelTemplates/family-budget-planner.html

© 2011-2020 Vertex42 LLC

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Do not submit copies or modifications of this template to any website or

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Please review the following license agreement to learn how you may or
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Do not delete this worksheet