Best household budget excel 20083/28/2024 Notes are taken, and I reference the ideas occasionally when I'm sitting at the desk on a Saturday morning looking at financial things. Often it's me opining that as soon as we get one kid out of school we need to ramp up both retirement and taxable contributions. "wow, we spent a lot on groceries last year should we add another pasta night to save a little?" or "boy, that vacation was pricey but I really enjoyed it let's do something smaller this year but we really should go back there after son is out of college" type things. It's usually pretty obvious what we need to do to save money, and we make a value choice at the budget meeting. We have never categorized expenses an "necessities" or other. We don't "track" on a monthly basis, so it's gleaned from various year-end credit card summaries, and check registers. They are also color-coded to be "my" expense, "wife's" expense, or "joint" expense (a contrivance, as obviously it's all one pot) On the far right is an "actual" column, where we forensically enter that year's actual spending. If the expense is typically a monthly one (mortgage) that cell is bolded, and the other 2 columns sum from the bolded entry. The 8 pages have 3 columns monthly, quarterly, and annual totals for each category. I don't track investments on this sheet I have another one for that. They sum on a "home" page that includes income information, and basic metrics about debt reduction and cash savings. I have a custom spreadsheet that has 8 category pages: My wife and I do a "forensic" budget, usually in February or March of the following year. (helpful on pay raises to see new amount of excess to allocate to savings)įinally, a breakdown of the percent dedicated to each bucket: Things like electricity are updated annually, based on previous years' spending/anticipated changes. Non-highlighted are adjusted as they change, insurance renewal, etc. we do have an ultra high savings rate, hovering around 70%.įrom this, we then track monthly expenses, manually, for the highlighted categorized on another sheet.
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