Superb financial management starts right in your own homes. Most of what you’ll know about finances starts in knowing how to spend an insufficient monthly income to satisfy your weekly groceries, utility bills, rent payments, and other needs. The right household budget will help you accomplish this. It provides you with sections and financial content ideas to allow you to manage your expenses, keep your debt in check, highlight your priorities, and record your savings.

Household Budget Template

household budget template

File Format
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  • Google Sheets
  • MS Excel
  • MS Word
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Size: US, A4


Household Budget Planner Template

household budget planner template

File Format
  • Google Docs
  • Google Sheets
  • MS Excel
  • MS Word
  • Numbers
  • Pages
  • Editable PDF

Size: US, A4


Household Budget Planner Excel

household budget planner

Monthly Household Budget Template

household budget template 2 monthly

Detailed Household Budget Template

detailed household budget template

Household Budgeting Worksheet


Free Budget Planner Template Download

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Household Budget Template Printable

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Family Budget Worksheet PDF


Household Monthly Budget


Household Budget Template Free Download


Blank Household Budget Template

blank household budget template

What Is a Household Budget?

A household budget is a comprehensive itemized account of all spendings, income, debts, and other financial details over a specific period. It presents detailed cash flows, savings plans, and income allocation that a family deems necessary in managing their household finances.

How to Make a Household Budget

Here are some steps on how you can make a household budget:

Step 1: Set Your Income

Your income statement will determine the number of your cash inflows. It will regulate how much allocation you’re dedicating to your monthly budget expenses, liabilities, insurance, and savings. It’s also the basis of your spending limit. List down all income sources that you may have, such as your monthly paycheck, business profit, investment returns, and others. Aside from providing a way to calculate your expenses allotment, it’s also a way to track your overall income and incorporate it into your financial planning calculation.

Step 2: Have a Spending Limit

Overspending and underspending pose risks that can incur financial hazards. A way to overcome this is to establish a spending limit when supervising your household expenditures. Depending on your needs, assign an allocation for your monthly or weekly budget. Ensure that there’s an ample total to cover your priorities such as a home mortgage, insurance plans, maintenance, food, and health. Then proceed to identify how much you’re giving to other supplementary expenses or emergency funds. This method should help you stay within your means and maximize the best of your limits.

Step 3: Schedule Debt Repayment

Statistics show that the US alone has 21.1 million outstanding loans amounting to $143 billion. This is an apparent record of how rampant the debt issue is from mortgages, credit cards, and student loans. If you want to enjoy making the most of your earnings, taking care of your debts should be top of your priorities. You wouldn’t want the burden of your interests to exceed your principal loan. Don’t forget to dedicate a certain amount to pay off your balance. Include a loan schedule or credit tracker on your budget plan.

Step 4: Track Expenditures

Tracking your expenses is as important as tracking your debt repayments. Supervising your expenditures helps you control your outflows and follow your set allocation. Have an expenses worksheet or checklist divided into different categories included in your home budget. Plot down every item you buy or spend cash on to allow you to calculate your total. 


Can a household budget be equated with a personal budget?

The household budget and personal budget are often used interchangeably, but the differences are clear. Personal budget pertains to the financial planning of a single person. On the other hand, a household budget refers to the budgeting of one or more individuals.

What are the common budget categories of a household budget?

The common budget categories of a household budget are:

  • Food
  • Home (utilities, mortgage, etc.)
  • Clothing
  • Health
  • Transportation
  • Insurance
  • Recreation
  • Savings and investment
  • Miscellaneous

What expense usually has the biggest allocation in a household budget?

According to Pocket Sense, a typical family dedicates 18% to 30% of their allocation to housing expenses.

Household budgeting contributes to helping you gain lifelong financial lessons. It enhances your decision-making when it comes to examining how you’ll be able to spend your money wisely while meeting your financial responsibilities. You’ll be able to weigh your options and identify which priorities you should focus on rather than spend the rest of your savings on entertainment that will not yield any benefits. Look through our household budget templates and get yours today!

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