From the get-go, involve the whole family in the decision-making process. To remind you of your goals, I recommend writing them on a piece of paper, then taping it to your fridge, so you see them every day. You can involve the younger ones on this one. Also, set a secondary goal for fun like going on vacation in Diani or taking your LO to the Mara to see the Wildebeest Migration. 2,000/= per month for your child’s secondary/university school fees. To help on keeping the discipline for budgeting, set some goals for your money. Make a habit of keeping all your receipts, yes, even for purchases that cost 50 bob! Note them down in your notebook at the end of the day. Whenever you’re at the restaurant waiting for someone or waiting on your food, write down how much you used for fare or cab or how much you shared with the homeless mom on the street. So buy yourself a small notebook / journal to note down your expenses. It’s also unrealistic to expect to remember all your purchases off head – especially the small purchases.
Seeing that the budget spreadsheet is on your computer or laptop, it’s quite unrealistic to keep filling it every time you make a purchase. The following tips will help you fill your spreadsheet faithfully. People who budget are the ones who create wealth. Otherwise, you’ll do it for two months, then forget about it….only to remember after three months.
Just like having regular workout session, having a budget requires absolute discipline. You can use one of the below softwares to open the document: No two families will have the exact same expenses, therefore there is no one-size-fits-all approach to this.
#MONTHLY HOUSEHOLD BUDGET TEMPLATE WORD FREE#
Keep reading below to find the free budget spreadsheet (from Microsoft Excel) that worked for me. If done correctly, budgeting will provide you with more financial freedom than most can imagine. Your budget tells your money what to do for you. If you are like me, the challenging economy caused me to take a look at my personal finances and consider making a budget. I was going through my savings faster than I was getting any income. At the time, I was helping a friend run his businesses and got a stipend on a weekly basis. When I left employment to be a SAHM, I quickly realized what an impulse buyer I was.