If you’re a homeowner and your property taxes are not included in your mortgage payment, divide those taxes by 12 and add that amount to your mortgage to make sure your property taxes are covered in your monthly budget. Mortgage or Rent: Enter the amount of your monthly mortgage payment in the mortgage box, or the amount of your monthly rent in the rent box of the budget calculator. This budget calculator guide will walk through each section, step by step. The rest of the budget maker is dedicated to capturing your monthly expenses.
MONEY BUDGET PLANNER HOW TO
Step 2: How to determine and enter monthly expenses You can also use this section to add a second income if you’d like to create a joint budget. If you have additional income such as a side job, child support, alimony, or other supplemental income, add the monthly amount you can spend in the monthly budget calculator under Other Income. If the last 3 months were unusually high or low, add up all your deposits for the past year instead and divide by 12 to get a better average. Enter that amount in the budget calculator.
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Net income is what you actually bring home after taking out taxes and any paycheck deductions for things like your retirement or your health insurance plan.
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Gross income is what you make before anything is deducted from your paycheck. This will be the amount you can spend every month, so be sure to use your net income, not your gross income. The first step in the monthly budget calculator is to determine your monthly income.
MONEY BUDGET PLANNER DOWNLOAD
Download a free budget template so you’ll always know your current financial standing.Build your budget in 3 easy steps Step 1: How to determine and enter your income One of the more visual budgeting templates, the budget wheel is a fun way to see where your money goes.Įvery Excel budget template incorporates spreadsheet functionality, graphs, and customizable styles. For general use, try a wheel budget template. This template for a budget indicates estimated versus actual costs for individual items and automatically calculates the difference.Įvent budgeting templates itemize expenses, including costs for the venue, refreshments, entertainment and more, so you know where each penny goes. A family budgeting template can track monthly income, expenses, and cash flow and present the information visually.Īlternatively, you can use a household budget template in Excel. There are budget templates available for a variety of uses, covering budgets for your household, wedding, business, events, and college. A budget spreadsheet template will help you monitor your expenses with accuracy. Simplify your budgeting plan with budget templates to keep track of your personal or business finances.
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Track your business finances with a budget template spreadsheet or graph