It’s a new year and probably time for a new or updated budget. What do you typically use to create a budget? Is it something you will use again and again? Maybe you are looking for a new tool or worksheet to jump start the process.
Reasons to Create a New Budget this Year
You might not think you need to create another budget. Reasons to consider creating a new budget is because you got a raise or you lost income because of a layoff. Regardless of the reason why it is a good idea to update so you know what will happen with your money this year.
I admit, I am pretty lazy with it comes to making a budget. I’ve used several tools and either didn’t follow my budget religiously or I completely forgot about it. When unexpected expenses come up the budget goes out the window.
My Budgeting on a Smaller Income
I got laid off from my “regular” job in July last year, so budgeting was pared down to rent payment, utilities, phone, and groceries. I had to keep it simple to stay sane.
This year could be different so I’ve compiled a list of budget worksheets to help me and you work this thing out together. I can’t promise I’ll be good, but I’ll do my best.
7 Free Budget Worksheets
Free Home Budget Worksheet Download
This site has a list of printable budget worksheets you can download to Excel and use. If you don’t have Excel there are a couple more worksheets you can simply print out and use.
Microsoft Office Budget Templates
I think most people with Microsoft Office have used their budget templates. Just download to Excel or even Word to complete and print.
The Household Planner Free Printable Budget
This budget worksheet has the typical elements most budget worksheets have. You have your income and expense columns as well as your categories to work with. It is a PDF file you have to download and print.
Dave Ramsey Budget Tools
Dave Ramsey has three different budget worksheets to choose from. The first is a quickie budget worksheet. The next is a Cash Flow worksheets that is more comprehensive. The last is a budget worksheet for irregular income. I think these are great options.
Basic Budgeting Worksheet
BetterBudgeting.com has a free printable worksheet to help you create a budget. It’s pretty straightforward. Like the others, you simply download and fill in your income and expenses. They also have a monthly spending worksheet to help you keep track of your expenses.
Home Budget Worksheets from CCC
These website has a budget in your pocket worksheet. It is a mini-planner you can keep in your purse or pocket for quick reference. They also have a workbook and an Excel and PDF worksheet you can download.
Practical Money Skills Budgeting
This is one of my favorite websites to learn about money. They have a simple (and colorful) one page budget worksheet. This is great for the person that is making their first attempt at budgeting or just want to move to a simpler method.
These worksheet should get you started on your budget for the year. Feel free to play with it to find the right balance. Also, think about any emergencies you think will come up and try to factor them in. It could be a flat tire, an emergency trip to see a family member, a medical expense, or anything.
Remember to Give to Get More Money
Remember to factor in giving as well. It could be your favorite charity, helping a friend, or donation to your place of worship. Regardless of how you choose to give, just get into the habit of giving. It’s one secret way the rich use to remain prosperous, plus it just feels good!