One of the tasks that has to be done in a well-run household is the creation of and adherence to a monthly budget. And while it’s not a very fun chore (unless you’re obsessed with math!), one thing that can make it easier is to use a budget form.
The free household budget form available in this post will help you track your family’s income and expenses, to ensure that you are managing your money well and able to care for your home and children.
>>Check out the FREE printable download at the bottom of this post!
Preparing a family budget
Over the past few months, my husband and I have really started being more intentional with our household budget so that we know where every single dollar goes each month.
We’ve tried budgeting before and have always failed. What I think has made us successful this time is the fact that we are writing down our budget on paper each month.
Having a plan made sticking to it SO much easier.
Using a paper budget form vs. a digital budget tool
But why would you choose to write out your budget instead of using a digital budgeting app or even a spreadsheet?
While those tools are very easy and convenient, allowing for you to change numbers quickly and easily, the idea of a written budget helps in one big way.
Scientists who studied hand writing notes versus typing notes into a computer were able to show that “writing is a better strategy to store and internalize ideas in the long haul” and “those who type their notes may potentially be at risk for “mindless processing.”
So just the act of writing out our budget with pencil and paper can make us more likely to recall those numbers and maybe even more likely stick to the spending parameters we set for ourselves.
I also find that being able to post the actual paper budget form in a place where I’m likely to see it…like on the refrigerator in the kitchen…then I’m more likely to keep it in mind.
The one page budget form is best for us too, because flipping through 2 or 3 pages is a little bit of a hassle…making budgeting as easy as possible is the key to sticking with it.
How do I make a household budget?
Making a budget for your family’s household is essentially pretty easy: you write down your income, then subtract your expenses. Unfortunately, determining what your exact expenses are can be a challenge.
Using the form as a guide, add up roughly what you spent on each category over the past month (or take an average of 2-3 months, if you have the data).
Then you’ll fill in the budget form…there are spaces to add your household income and expenses, a place to record your savings goals (for example, if you were saving up for a new car, you can write down your progress each month), and a place to jot down any notes that will help you with your spending.
You may need to adjust the numbers as the month goes along, especially if it’s the first or second time that you’ve made a budget. Sometimes you don’t estimate a budget category correctly and need to make a change.
(That’s normal, by the way. But once you get more accustomed to having a budget, you’ll get better at figuring out the numbers).
If you need more advice on how to make a budget, this article is very helpful.
To get started with your household budget, you can download my free household budget form for free!
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