Excel Family Budget Template

One of the main traits that make families successful is having a strong financial plan. Part of that financial plan is having a family budget. According to Google, a budget is defined as “an estimate of income and expenditure for a set period of time.” Most people do not know how to set up a budget, so a good Excel family budget template is necessary.

You can download the Excel family budget template right here on this page courtesy of TemplateHaven.com!

Try This FREE Customizable Excel Family Budget Template

While setting up a budget is not very difficult, sticking to it can be a challenge if you don’t have the right tools. Here is an easy to use, downloadable template for you to use at no cost. It’s fully customizable, so you can tailor it to you needs. You can adjust your Excel family budget template as your income and expenses change, and this helps you keep your budget planning consistent.

Tips for Using the Excel Family Budget Template

A good budget will help you save money as well as identify expenses that are draining your family’s resources. Here are some tips to use the Excel family budget template:

1. Be honest about your situation. Once you get everything written down to put in the template, it can be very emotional. Being honest with yourself helps you stay focused even when you don’t like what you see. The budget will help you turn your situation around.
2. Identify how much cash you have on hand. A journey of a thousand miles begins with the first step. Knowing how much cash you have on hand is your first step to successful budgeting.
3. Calculate your monthly income. How much do your earn monthly? Calculate the total from all sources of income including your job, royalties, child support and/or alimony payments, settlement payments, lottery payouts, etc. List these separately on the template.
4. List each of your monthly expenses. For expenses you pay on a quarterly, semi-annual or yearly basis, break them down into a monthly amount, and enter that figure into the template. This helps avoid unnecessary surprises when it is time to make the payment.
5. Review your Excel family budget template every often. Periodically reviewing your budget allows you to guide your family finances in the direction you desire. It also helps take the guesswork out of planning for major expenses like buying a new vehicle or taking a much needed vacation.

Download: Excel Family Budget Template