- #Home budget spreadsheet spending percetnages how to
- #Home budget spreadsheet spending percetnages update
If you manage your budget well, you won’t need to use up your rainy-day fund, and it becomes part of your monthly savings. You can treat savings and emergency funds separately or together. Savings and emergency funds should be at 10 percent each. Allocate 15 percent or less for debt payments. Utilities and clothing allowance can be 5 percent each. This is basically just a strip version of my household budget spreadsheet where it is.
Food is around 10 percent and may increase depending on the number of household members. In the world today, spending money is as easy as opening your. Transportation, which refers to vehicle loans, gasoline, insurance and regular maintenance, make up about 15 percent of the monthly household budget. Housing payments (which can be a rent or home mortgage) occupies a major portion of the pie at about 30 percent. In general, a household budget consists of housing, transportation, food, utilities, clothing and personal effects, debt payments, savings and allocation for emergencies. Don’t forget to rename the sheet to the appropriate month and to clear the previous month’s expenses, income and savings from the previous month.Budget allocation is like cutting an apple pie, where the whole pie is your household net income and each slice represents a specific cost in maintaining your household. In the dialogue box, check the “Create a copy” checkbox and select “(move to end)” to place the duplicated sheet at the end of the workbook.Then click Format in the cells section of the Home tab and select Move or copy sheet, shown above. To duplicate the sheet, select the sheet that you desire to duplicate.In order to do that, the sheet must be duplicated. It would be wise to continue to track your budget after just a single month. Understand what you are spending most of your money on and when you are spending the most money during the month. When updating your expenses, be specific.
By consistently keeping your income and expenses up-to-date you will be able to have a more specific understanding of your budget.
#Home budget spreadsheet spending percetnages update
#Home budget spreadsheet spending percetnages how to
This section will show you how to create a pie chart for expenses. Graphs are an important and useful tool for visualizing a monthly budget.