How to Make a Monthly Budget Worksheet
- 1). If you have a home desktop PC, mac or personal notebook, you may access for free or can download a budget management software such as Microsoft Money to help design your monthly budget worksheet.
- 2). Design your monthly budget worksheet around 6 main categories:
1. Total Monthly Gross Income
2. Monthly Home Budget Expenses
3. Monthly Car Expenses
4. Monthly Debts
5. Monthly Family Miscellaneous Expenses
6. Total Net Monthly Income (free income available) - 3). Monthly household budget expenses should include rent or mortgage, property and casualty, loan payments, utilities, taxes, and any household repairs.
- 4). Automotive expenses include car loans, gasoline, auto insurance, and maintenance make up the next category on your monthly budget worksheet.
- 5). Debts should include any credit loans and monthly balance you choose to pay make up the next budget worksheet category.
- 6). Next list any Miscellaneous expenses are any other personal expenses such as:
-childcare/school
-clothing, groceries
-family entertainment, cable, videos, newspaper, magazines
-medical, vet
-clubs, association dues
-investments, life insurance
-vacation, gifts for holidays
-haircuts, nails, etc. - 7). Figure total monthly income at top of your budget worksheet, then total your monthly expenses for each category, and subtract to get your net income balance at the bottom.
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