Family Budget Planner

by Vertex42.com © 2011-2014 Vertex42 LLC

Beginning Spending Balance 575
Beginning Savings Balance 800 [42]

Summary Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Total Income 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 25,200 2,100
Total Expenses 1,975 2,155 2,015 2,035 1,885 2,240 2,050 1,950 1,991 2,125 2,065 2,335 24,821 2,068
NET (Income - Expenses) 125 (55) 85 65 215 (140) 50 150 109 (25) 35 (235) 379 32
Adjustment to Savings 0 0
Spending Balance 700 645 730 795 1,010 870 920 1,070 1,179 1,154 1,189 954
Savings Balance 950 1,100 1,250 1,400 1,550 1,950 2,100 2,250 2,400 2,800 2,950 3,350

1,400 4,000
1,200 3,500
1,000 3,000
800
2,500
600 NET (Income -
Expenses) 2,000
400 Savings Balance
Spending Balance 1,500
200
0 1,000

(200) 500
(400) 0
JanFebMarAprMayJunJulAugSepOctNovDec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
INCOME Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Wages & Tips 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 25,200 2,100
Interest Income 0 0
Dividends 0 0
Gifts Received 0 0
Refunds/Reimbursements 0 0
Other 0 0
Transfer From Savings 0 0
Total INCOME 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 25,200 2,100

SAVINGS EXPENSE Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
To Savings Account 150 150 300 25
To Emergency Fund 150 150 150 150 150 150 150 150 150 150 1,500 125
To Retirement (401k, IRA) 200 200 200 600 50
To Investments 0 0
To College Savings 50 50 50 150 13
Other 0 0
Total SAVINGS EXPENSE 150 150 150 150 150 400 150 150 150 400 150 400 2,550 213
% of Total Expenses 7.6% 7.0% 7.4% 7.4% 8.0% 17.9% 7.3% 7.7% 7.5% 18.8% 7.3% 17.1% 10.3% 10.3%

HOME EXPENSES Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Mortgage/Rent 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 15,000 1,250
Electricity 50 45 45 50 60 100 150 175 140 70 50 50 985 82
Gas/Oil 200 185 150 90 50 45 30 30 56 80 120 190 1,226 102
Water/Sewer/Trash 0 0
Phone 95 95 95 95 95 95 95 95 95 95 95 95 1,140 95
Cable/Satellite 0 0
Internet 0 0
Furnishings/Appliances 0 0
Lawn/Garden 0 0
Home Supplies 0 0
Maintenance 0 0
Improvements 0 0
Other 0 0
Total HOME EXPENSES 1,595 1,575 1,540 1,485 1,455 1,490 1,525 1,550 1,541 1,495 1,515 1,585 18,351 1,529
% of Total Expenses 80.8% 73.1% 76.4% 73.0% 77.2% 66.5% 74.4% 79.5% 77.4% 70.4% 73.4% 67.9% 73.9% 73.9%

DAILY LIVING Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Groceries 230 430 325 400 280 350 375 250 300 230 400 350 3,920 327
Personal Supplies 0 0
Clothing 0 0
Cleaning Services 0 0
Dining/Eating Out 0 0
Dry Cleaning 0 0
Salon/Barber 0 0
Discretionary [Name 1] 0 0
Discretionary [Name 2] 0 0
Other 0 0
Total DAILY LIVING 230 430 325 400 280 350 375 250 300 230 400 350 3,920 327
% of Total Expenses 11.6% 20.0% 16.1% 19.7% 14.9% 15.6% 18.3% 12.8% 15.1% 10.8% 19.4% 15.0% 15.8% 15.8%
 CHILDREN Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Medical 0 0
Clothing 0 0
School Tuition 0 0
School Lunch 0 0
School Supplies 0 0
Babysitting 0 0
Toys/Games 0 0
Other 0 0
Total CHILDREN 0 0 0 0 0 0 0 0 0 0 0 0 0 0
% of Total Expenses 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

TRANSPORTATION Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Vehicle Payments 0 0
Fuel 0 0
Bus/Taxi/Train Fare 0 0
Repairs 0 0
Registration/License 0 0
Other 0 0
Total TRANSPORTATION 0 0 0 0 0 0 0 0 0 0 0 0 0 0
% of Total Expenses 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

HEALTH Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Doctor/Dentist 0 0
Medicine/Drugs 0 0
Health Club Dues 0 0
Emergency 0 0
Other 0 0
Total HEALTH 0 0 0 0 0 0 0 0 0 0 0 0 0 0
% of Total Expenses 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

INSURANCE Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Auto 0 0
Health 0 0
Home/Rental 0 0
Life 0 0
Other 0 0
Total INSURANCE 0 0 0 0 0 0 0 0 0 0 0 0 0 0
 % of Total Expenses 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

EDUCATION Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Tuition 0 0
Books 0 0
Music Lessons 0 0
Other 0 0
Total EDUCATION 0 0 0 0 0 0 0 0 0 0 0 0 0 0
% of Total Expenses 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

CHARITY/GIFTS Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Gifts Given 0 0
Charitable Donations 0 0
Religious Donations 0 0
Other 0 0
Total CHARITY/GIFTS 0 0 0 0 0 0 0 0 0 0 0 0 0 0
% of Total Expenses 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

OBLIGATIONS Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Student Loan 0 0
Other Loan 0 0
Credit Card #1 0 0
Credit Card #2 0 0
Credit Card #3 0 0
Alimony/Child Support 0 0
Federal Taxes 0 0
State/Local Taxes 0 0
Legal Fees 0 0
Other 0 0
Total OBLIGATIONS 0 0 0 0 0 0 0 0 0 0 0 0 0 0
% of Total Expenses 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

BUSINESS EXPENSE Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Deductible Expenses 0 0
Non-Deductible Expenses 0 0
Other 0 0
Other 0 0
Total BUSINESS EXPENSE 0 0 0 0 0 0 0 0 0 0 0 0 0 0
 % of Total Expenses 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

ENTERTAINMENT Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Videos/DVDs 0 0
Music 0 0
Games 0 0
Rentals 0 0
Movies/Theater 0 0
Concerts/Plays 0 0
Books 0 0
Hobbies 0 0
Film/Photos 0 0
Sports 0 0
Outdoor Recreation 0 0
Toys/Gadgets 0 0
Other 0 0
Total ENTERTAINMENT 0 0 0 0 0 0 0 0 0 0 0 0 0 0
% of Total Expenses 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

PETS Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Food 0 0
Medical 0 0
Toys/Supplies 0 0
Other 0 0
Total PETS 0 0 0 0 0 0 0 0 0 0 0 0 0 0
% of Total Expenses 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

SUBSCRIPTIONS Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Newspaper 0 0
Magazines 0 0
Dues 0 0
Club Memberships 0 0
Other 0 0
Total SUBSCRIPTIONS 0 0 0 0 0 0 0 0 0 0 0 0 0 0
% of Total Expenses 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
[42]

VACATION Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Travel 0 0
Lodging 0 0
Food 0 0
Rental Car 0 0
Entertainment 0 0
Other 0 0
Total VACATION 0 0 0 0 0 0 0 0 0 0 0 0 0 0
% of Total Expenses 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

MISCELLANEOUS Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avg
Bank Fees 0 0
Postage 0 0
Other 0 0
Other 0 0
Other 0 0
Total MISCELLANEOUS 0 0 0 0 0 0 0 0 0 0 0 0 0 0
% of Total Expenses 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
HELP
http://www.vertex42.com/ExcelTemplates/family-budget-planner.html
© 2011-2014 Vertex42 LLC. All rights reserved.

Intro
This budget spreadsheet is designed to help you create a budget for an entire year.
Doing this can help you make predictions about your future finances.

Step 1: Define Budget Categories

Edit the existing income and expense categories by changing the labels in the first
column as needed, but do not remove the "Transfer from Savings" category in the
Income table.

If you add or remove a major category, you will need to edit the formulas in the Summary
table (particularly the Total Expenses formula).

If you need to add or insert rows/subcategories, make sure the Total and Average
formulas are copied.

IMPORTANT: When inserting new rows, do not insert a new row immediately above the
Total line. Instead, insert a new row above the last sub-category, and copy the Total and
Avg formulas down.

Step 2: Enter Your Beginning Balance

Add the balances in your spending accounts (cash, checking) to come up with your
beginning spending balance.

Add the balances in your savings accounts and enter that sum as your beginning
savings balance.

If you wish to start with a month other than January, you can edit the column labels as
needed.

Step 3: Define Your Budget

Using income and expense data from past receipts, balance statements, bills, pay stubs,
and other information that you know about the coming year, fill in the budget amounts for
each of the categories you have defined.

Fixed and Variable Expenses

 For fixed expenses, such as rent or mortgage payments, enter the same amount in each
month.

For variable expenses such as utility bills, groceries, and birthday gifts, you can enter the
estimated amounts in the months that they occur. Or, you can enter an estimated
monthly average.

Transfers To/From Savings

This template treats transfers TO savings as expenses, and transfers FROM savings as
income. This makes sense if you think of an "expense" as money leaving your spending
accounts and "income" as money entering your spending accounts.

Adjustments to Savings
Except for transfers to/from savings, this spreadsheet does not track changes to your
savings accounts such as payments made directly from savings, interest earned, or
gains/losses in investments.

If you want the Savings Balance to reflect these types of changes, then use the
Adjustments to Savings row in the Summary table.

Step 4: Analyze Your Budget

Ideally, you want your Savings Balance to be increasing over time and you want to
maintain a comfortable cushion in your Spending Balance.

If you are noticing a consistent positive NET (a good thing), then you may want to
allocate more towards savings. If you see a consistent negative NET, then you may need
to make some budget cuts.

Use the "% of Total Expenses" under each major expense category to help you
determine where your money is going.

REFERENCES

TIPS Vertex42.com: Spreadsheet Tips Workbook

ARTICLE Vertex42.com: How to Make a Budget with a Spreadsheet

ARTICLE Vertex42.com: Budgeting Tips

Family Budget Planner
By Vertex42.com
http://www.vertex42.com/ExcelTemplates/family-budget-planner.html

© 2011-2014 Vertex42 LLC

This spreadsheet, including all worksheets and associated content is

considered a copyrighted work under the United States and other copyright
laws.

Do not submit copies or modifications of this template to any website or

online template gallery.

Please review the following license agreement to learn how you may or
may not use this template. Thank you.

See License Agreement

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Do not delete this worksheet.