Family Budget Templates

One of the most difficult challenges to do when setting up a Family Budget for the first time is to try and check out how much you should spend in each category. The main purpose of a Family Budget is to set you straight on your spending habits and bring them back into line. The amount of money depends a lot on living factors like where you have to live and how to manage your needs. You should divide your categories according to the percentage of your spending and Family Budget because budget gives you control over your money and spending. When you create a budget each month, you have more chances to get the opportunity to tell your paycheck where to go, where you have to spend money, and where you need to avoid. For the first time when you plan your Family Budget it can be confusing for you, and you can feel it difficult to manage. But actually it is very interesting task. For your Family Budget you need to follow some guidelines.

There are bills and other expenses that are called fixed costs and these costs vary much from month to month. These costs can be rent, utility bills, car payments and mortgage payments etc. and when it comes to fixed costs it is best to keep your monthly total no more than 50% of your take home pay. For your financial goals you should consider putting 20% of your Family Budget toward important payments and the important contributions that will help you to secure and manage your financial foundation. You should also save some part of your Family Budget for emergency use.

Family Budget Templates

Here are freeĀ College Budget Templates in MS Excel Worksheet format.

Personal Budget Template 06
Size: 209 KB
Personal Budget Template 05
Size: 14 KB
Personal Budget Template 04
Personal Budget Template 03
Size: 30 KB
Personal Budget Template 02
Size: 12 KB
Personal Budget Template 01
Size: 19 KB

You should also plan for the remaining 30% of your Family Budget. It should be planned towards flexible spending. There are day to day expenses that can vary from month to month. These expenses can be shopping, groceries, entertainment or eating out etc. It may also consist of your personal items or expenses. You should keep in mind that any time there are chances of medical fight. So you should always ready your budget for medical purposes. Some part of your budget, spare a part for education that is flexible spending. Every month the expenses of education can be changed. Events are also part of flexible spending because there can be some sudden events so you should also keep ready for the sudden events or guests by managing your Family Budget.

Groceries lie in flexible spending because even food is a necessity in your budget. To determine your flexible spending amount you should first subtract your fixed costs and financial goal contribution from your Family Budget.

As we all live in different parts of the world, in different areas of the country, so we all have different incomes and circumstances. So we all need to create a budget plan according to the needs of our Family Budget. You should always spend money on your expenses according to your income or your Family Budget. Do not waste money when you have less sources of income.