Make those things a part of your budget, and you’re much more likely to follow through with them. Since we’re all about side hustles, saving and paying off debt around here, you’ll also see that this budget worksheet has room to enter multiple income streams, and to plan how much you’re going to save and pay off this month. To budget for expenses that you only pay once a year, just divide those costs by 12 to arrive at their monthly cost to you. You want your budget to reflect your true out of pocket costs for the month. Also leave off health, life, dental, vision and disability insurance, if they’re automatically deducted from your pay. If there’s an expense listed that doesn’t pertain to you, just enter a zero in the field next to it.ĭon’t include homeowner’s insurance or property tax, if they’re included in your mortgage payment. Want to see how certain changes would impact your budget? Go back and tweak the numbers as many times as you’d like, and the total will continue to update. Just input your monthly income and expenses, and the worksheet will automatically crunch the numbers as you go. And it even has extra space for you to enter additional expenses. It includes lots of things that other budget worksheets leave off – stuff like streaming services, pet care and gifts. Our printable has room to track those things too! If those goals are built into our budget (and bonus– automated transfers from our bank account), we will be able to pay down our debt and build up our savings much faster.Use this printable monthly budget worksheet to create a budget that matches your lifestyle and your goals. Step 4- Set goals for saving and paying down debt on the free printable budget worksheets.Īlong with paying our bills and managing our variable expenses, we’ll often want to put money each month toward paying down debt more aggressively or making progress toward big savings goals like a vacation fund, holiday fund, retirement, college savings, and more. We will only feel defeated if we set our numbers so low that we can’t possibly reach them and find ourselves overspending each month. It’s important to be realistic when setting budgeting goals for our variable expenses categories. You can grab our cash envelopes or variable expense tracking sheets in our free printable Budget Binder to help with that. It may be helpful to keep a record of our variable expenses throughout the month to make sure we’re staying within our budgeted amount. To get an idea of how much we should budget for each of these categories, again, we can look at past bank statements. Variable expenses can get a little trickier because they can fluctuate quite a bit. Recurring expenses are pretty straightforward because they are mostly the same every month. To figure out how much to budget for each item, look at your past bank statements to get an idea of how much you’ll owe. Utilities (gas, water, electric, sewer, etc.)Īnything that has the same general payment each month can go in the recurring category.Some of the items in the recurring expenses section may be: Recurring expenses are our bills, payments that are generally the same every month. But if you happen to have a great month and net $1000 from your side hustle instead, you would write that in the “Actual” column and note the difference of +$500. So let’s say you have a side hustle that generally nets $500 per month. In the income section, as well as the other sections of this worksheet, there is a spot to write the budgeted amount as well as the actual amount.
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