Use this monthly budget worksheet to record all of your monthly expenses. Use this worksheet in conjunction with household budget worksheets 1 and 3 to address all budget necessities and create a practical money management plan.
Tip: For best printing choose print preference "landscape" then print pages 1-5.
Budget Calculator See how your spending compares. A great tool to identify specific category overspending.
Balanced Monthly Spending Plan for ________________________ Free monthly budget worksheet (2 of 3)
You should have completed the monthly budget worksheet to enable you to compare your actual spending for the month against your net monthly income. In this worksheet, we want to help you create a balanced spending plan.
On average, people spend 10% more than they make each month. You can't eliminate debt, increase savings, or maximize your investments if you are spending more than you bring in each month. This monthly budget worksheet will help you create a balanced monthly spending plan so that you can cut hidden spending, increase savings, and eliminate debt.
Print out the budget worksheet below and:
List your actual expenditures from last month in the column labeled "Spent Last Month".
List your net monthly income and the difference between what you spent and your net income in the "Balanced Spending Plan Summary" table.
Make the adjustments necessary for the plan to balance with your income in the column titled, "Adjusted Allocation".
Add up the totals from your adjusted allocations in the "Balanced Spending Plan Summary" table.
Subtract your total allocations from your net monthly income. This amount should be zero so that you have all your income allocated to a spending category, with no overspending.
Balance (Net Monthly Income less amounts spent or allocated)
(should be 0)
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