Excel Home Budget Template with Proper Layout
People experience the same thing in term of budget. The income must cover expense properly. To do such thing, they use excel home budget template. They should calculate to estimate the spending efficiently. Understanding home budget is necessary to ensure the spending is in right value.
Before exploring more about this topic, you should know about home budget. In simple term, this is the method or act that you implement to control money. Family needs money and will spend it at several expenses. To ensure the money is enough, you need to make a list for the things and cost. After that, just distribute money in each item properly.
The Type of Home Budget
Below list provides excel home budget template you can use. Each template is dedicated for certain purpose. You can choose the one that’s compatible with your preference.
- Daily budget
Daily budget is the spending you need for daily life. Usually, it contains items, such as foods, transportation, and anything you must do that requires money. In home budget, every family member has responsible to the budget.
- Weekly and monthly budget
Daily budget is collected to be weekly. Each day is calculated and every week is measured that leads to monthly budget. Weekly and monthly budget is similar to daily except the long period. In weekly budget, you have different task and items per day. In fact, a family spends more money monthly compared to weekly.
- Personal budget
Personal budget is implemented for private use. You may live alone and home budget becomes the personal one. The family consists of parent and children. Each person must create personal budget on their own. After that, they can put together those budgets into single home budgeting.
- Student budget
Home budget also considers students as important part. Parent allocates money for education. Each kid has different budget based on the level in school. Student budget includes all supplies, tuition, and related cost at school.
- Simple and basic budget
The simple and basic budget is versatile template for any purpose. You can use it for personal or family budget. This template has necessary outline that’s enough for basic budgeting.
The Purposes of Home Budget
You can use excel home budget template for some purposes. Budgeting is not just calculation and estimation. You must know how to prepare and balance the income along with expense. The purposes of making home budget include for spending control, retirement, and unexpected event.
As you can see, spending control is the key point in home budget. Money and resource are limited, but your family has many needs. In that case, the spending must be equal to income even lower. You need to consider leftover money for saving and emergency. For saving, you can prepare for retirement in the future.
The template for home budget is available in excel file type. As you can see, this file is easy to do editing via excel software. You need to install before you open this file in computer. Furthermore, the file is also compatible to be in smartphone as long as you have relevant software. That’s what you should know about excel home budget template.