Now you need to compare your expenses against the family income. STEP 2 – COMPARE AGAINST THE FAMILY INCOME Use my Budget Organiser to keep all your bills and receipts together in one place so you won’t forget to pay your bills! Available in my shop here. Brainstorm what you regularly spend your money on.īILL ORGANISER – Paperwork in the office can easily become a mess and get lost.Keep track of every purchase for the next 30 days so you can accurately work out your spending habits.If you typically use your debit/credit card for your purchases, go through your statement to find your spending habits.If you keep receipts, go back through your receipts and write down how you spent your money.Sort your expenses into categories such as shopping, entertainment, utilities, etc. We are typically aware of the big regular expenses, such as mortgage and electricity, but it’s the little purchases such as takeaway coffee, lunches out, clothes, homewares (I’m a #kmartaddict), etc. Do this with your partner so that you are both accountable. STEP 1 – DETERMINE WHAT YOU SPENDįind the time to sit down and prepare your budget to work on a future financial plan. This in itself will motivate you to reduce your spending. A budget will help you plan and gives you a vision that you can achieve your financial goals. The cost of raising our newborn twins (nappies, formula, clothes, etc.)Ĭreating a family household budget will help you save money and will make family life a little more relaxed.We had to reduce our spending to help stretch the money we had coming in each month to ensure we paid all the bills on time. I needed to determine: This will help you organise your financial priorities and balance your saving and spending habits.Īll those years ago (15 years ago) when I was pregnant, the choice of becoming a stay at home mum and reducing the family income to one wage was a huge adjustment. Whether you’re needing money for school fees, wanting to pay out a loan or just curious on how you are spending all your money, it may be time to sit down and work out a family budget. Budgeting won’t help you earn more money, but it will help you to manage the money you do have effectively. However, creating a budget helps give you a complete understanding of your finances now and in the future. For many this can be hard work and extremely overwhelming, especially if you weren’t taught how to do it. It does not store any personal data.Adult-ing can be hard, from parenting to managing finances with the expectation that we should be able to manage our money effectively. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics".
These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. Or you can skip using it all, the choice is yours. You could use this as a section divider in your planner, home management binder, or as a cover for a finance planner. Full-Size Budget Printablesįirst up is the cover page. Too many distractions can be a bad thing. You know me, I like things simple, and I think that’s especially important when you’re dealing with things like money and numbers. In typical Scattered Squirrel fashion, I kept them simple. My goal with these printables is to help us make sure we’re on track with our finance and hopefully, learn to understand them better and plan accordingly. This way, not only can I see at a glance how we’re doing, but I can also track any spending patterns we might have. This time around I’ve opted to make room to do up our budget fresh every month. I realize that no matter what I do to the printables, that really isn’t going to change for me but I still found it fun to pull these together. However, I do find it to be a little tedious. I can totally appreciate the purpose they serve. Don’t get me wrong, I like a good budget. I find budgeting to be one of the more tedious parts of being all grown up.