#BUDGETING HOUSEHOLD EXPENSES MOVIE#

Step 2: Add Your IncomeĬlick “Tell us your monthly income” which will take you to a page where you input your monthly income. If this is your first time setting up a budget you’ll see a message to “Create a budget”, click the button to get started. Follow the simple steps below to set up and automate your monthly budget.Ĭlick “Monthly”. You can also use the Mint app instead of the downloadable template to streamline the process.

Household Budget Template (.XLSX) Budgeting Using the Mint Mobile App income, an expense breakdown by category, and more. In the “Budget Summary”, you’ll be able to see your expenses vs. The “Budget Summary” tab will automatically populate the data you’ve previously entered. The “Budget Summary” will give you a comprehensive view of your current finances. Step 4:Ĭlick the “Budget Summary” tab when you’ve finished adding your expenses. That way you can switch over to an automated budget easily if you want. Note that the categories included in our household budget worksheet are the same as those used in the Mint app. You’ll find categories including basic home expenses like your mortgage payment, furnishing, and home insurance as well as utilities and child-related expenses. In the “Expense Inputs” tab, fill out the “ESTIMATED” and “ACTUAL” columns just like you did for your income. Next, you’ll need to navigate to the “Expense Inputs” tab that’s located just to the right of “Income Inputs”. Here you’ll be able to add how much you earn from your various income sources including your paycheck, investments, reimbursements, and more. Once you see this page, fill out the “ESTIMATED” and “ACTUAL” columns. You can get started by clicking the “Income Inputs” tab at the bottom of the spreadsheet, which will bring up a list of income categories.

To use the template click the “Download” button below. With a home budget worksheet, you can learn the basics of budgeting and start to get your household finances in order. Our household budget template is a simple way to create a budget for your home using a simple Excel spreadsheet. You can do in the CommBank app with Spend Tracker, which allows you to see how much you spend across various categories including health, utilities, eating out, shopping, groceries and more.Get Started Today Budgeting Using the Household Budget Template Our research found that if you are organised with your spending, review your finances regularly and actively plan for the future, you are on track to improve your financial wellbeing. Reviewing your spending will help you make any necessary tweaks or factor in expenses you hadn’t thought of. Although, you won't usually pay fees on savings accounts Review & tweak Keep in mind that with every transaction account you open, you may need to pay more in fees. This can be a good way to make sure you only spend the money you have allocated for that purpose.

Saving - for your rainy day or emergency fund or your one day goals.

#BUDGETING HOUSEHOLD EXPENSES MOVIE#

Lifestyle – such as buying clothes, movie tickets or eating out.

Essentials - like your groceries, transport and health costs.

Commitments - such as bills, paying off debt and making rent or mortgage payments.

Let’s look at an example of how you might set up your accounts: Some people like to stick to their budget by separating their money into different accounts, each account having a set amount of money to spend on everyday items or bills, for example. Next you can work out how much you have leftover to allocate towards your rainy day or emergency fund, your one day goals or simply enjoying your day to day. You can use our Budget Planner to tally up these figures. Once you know what your fixed expenses are, you can set your budget.

Family expenses such as school fees, day care, child support or baby sitting.

Any insurances you may have that you pay directly from your account.

Any debts you are committed to paying off including buy now pay later and credit card debt.

Household expenses such as rent payments, utilities, phone and internet.

Your committed expenses are your fixed expenses, they include bills and debt repayments. Your essentials are your day to day expenses you have to pay to keep everything running smoothly.

Budgeting household expenses