Family Budget Planner

by Vertex42.com

2011-2014 Vertex42 LLC

Beginning Spending Balance

Beginning Savings Balance

Summary

Jan

Total Income
Total Expenses
NET (Income - Expenses)
Adjustment to Savings
Spending Balance
Savings Balance

Feb

Mar

500
500

Apr

[42]

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total

Avg

0
500

500

500

500

500

500

500

500

500

500

500

500

500

500

500

500

500

500

500

500

500

500

500

500

NET (Income - Expenses)

Spending Balance

Savings Balance

600

600

500

500

400

400

300

300

200

200

100

100

0
Jan Feb Mar

Apr May Jun

INCOME
Wages & Tips
Interest Income
Dividends
Gifts Received
Refunds/Reimbursements
Other
Transfer From Savings
Total INCOME

Jan

SAVINGS EXPENSE
To Savings Account
To Emergency Fund
To Retirement (401k, IRA)

Jan

Jul

Feb

Aug Sep

Mar

0
Feb

Oct Nov Dec

Apr

0
Mar

May

0
Apr

Jan Feb Mar Apr May Jun

Jun

0
May

Jul

0
Jun

Aug

0
Jul

Sep

0
Aug

Oct

0
Sep

Jul

Nov

0
Oct

Aug Sep Oct Nov Dec

Dec

0
Nov

Total

0
Dec

Avg
0
0
0
0
0
0
0
0

Total

0
0
0
0
0
0
0
0
Avg

0
0
0

0
0
0

To Investments
To College Savings
Other
Total SAVINGS EXPENSE

% of Total Expenses

HOME EXPENSES
Mortgage/Rent
Electricity
Gas/Oil
Water/Sewer/Trash
Phone
Cable/Satellite
Internet
Furnishings/Appliances
Lawn/Garden
Home Supplies
Maintenance
Improvements
Other
Total HOME EXPENSES

Jan

% of Total Expenses

DAILY LIVING
Groceries
Personal Supplies
Clothing
Cleaning Services
Dining/Eating Out
Dry Cleaning
Salon/Barber
Discretionary [Name 1]
Discretionary [Name 2]
Other
Total DAILY LIVING

CHILDREN

Jan

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

0
0
0
0

Dec

Total

Avg

0
0
0
0
0
0
0
0
0
0
0
0
0
0

Jan

% of Total Expenses

Medical

Feb

0
0
0
0

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Avg
0
0
0
0
0
0
0
0
0
0
0

Feb

0
0
0
0
0
0
0
0
0
0
0
0
0
0

Total

0
0
0
0
0
0
0
0
0
0
0
-

Avg
0

Clothing
School Tuition
School Lunch
School Supplies
Babysitting
Toys/Games
Other
Total CHILDREN

% of Total Expenses

TRANSPORTATION
Vehicle Payments
Fuel
Bus/Taxi/Train Fare
Repairs
Registration/License
Other
Total TRANSPORTATION

Jan

% of Total Expenses

HEALTH
Doctor/Dentist
Medicine/Drugs
Health Club Dues
Emergency
Other
Total HEALTH

EDUCATION

Jan

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total

Avg

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total

0
0
0
0
0
0
-

Avg
0
0
0
0
0
0

Feb

0
0
0
0
0
0
0

Avg
0
0
0
0
0
0

Jan

% of Total Expenses

Mar

0
0
0
0
0
0
0
0

0
0
0
0
0
0
0

Jan

% of Total Expenses

INSURANCE
Auto
Health
Home/Rental
Life
Other
Total INSURANCE

Feb

0
0
0
0
0
0
0
0

Avg

0
0
0
0
0
0
-

Tuition
Books
Music Lessons
Other
Total EDUCATION

% of Total Expenses

CHARITY/GIFTS
Gifts Given
Charitable Donations
Religious Donations
Other
Total CHARITY/GIFTS

Jan

% of Total Expenses

OBLIGATIONS
Student Loan
Other Loan
Credit Card #1
Credit Card #2
Credit Card #3
Alimony/Child Support
Federal Taxes
State/Local Taxes
Legal Fees
Other
Total OBLIGATIONS

ENTERTAINMENT
Videos/DVDs

Jan

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total

Avg

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

0
0
0
0
0
0
0
0
0
0
0
-

Avg
0
0
0
0
0

Feb

0
0
0
0
0

Avg
0
0
0
0
0
0
0
0
0
0
0

Jan

% of Total Expenses

Mar

0
0
0
0
0

0
0
0
0
0

Jan

% of Total Expenses

BUSINESS EXPENSE
Deductible Expenses
Non-Deductible Expenses
Other
Other
Total BUSINESS EXPENSE

Feb

0
0
0
0
0

Total

0
0
0
0
0
-

Avg
0

Music
Games
Rentals
Movies/Theater
Concerts/Plays
Books
Hobbies
Film/Photos
Sports
Outdoor Recreation
Toys/Gadgets
Other
Total ENTERTAINMENT

% of Total Expenses

PETS
Food
Medical
Toys/Supplies
Other

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

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

Dec

Total

Avg

Total PETS

0
0
0
0
0

% of Total Expenses

SUBSCRIPTIONS
Newspaper
Magazines
Dues
Club Memberships
Other
Total SUBSCRIPTIONS

Jan

% of Total Expenses

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total

0
0
0
0
0
-

Avg

0
0
0
0
0
0

0
0
0
0
0
0
-

[42]

VACATION
Travel
Lodging
Food
Rental Car
Entertainment
Other

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total

Avg
0
0
0
0
0
0

0
0
0
0
0
0

Total VACATION

% of Total Expenses

MISCELLANEOUS
Bank Fees
Postage
Other
Other
Other
Total MISCELLANEOUS
% of Total Expenses

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total

Avg

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
http://www.vertex42.com/licensing/EULA_privateuse.html
Do not delete this worksheet.