Getting Organized

My Monthly Budget

Hey y’all! Welcome back! I know it’s been a hot minute since I’ve posted, but no fear I’M BAAAACKK! πŸ™‚ I’m super excited for this new year and what’s to come. My husband just started his first semester of nursing school, and we are expecting baby number 2 in June! It’s going to be a crazy year, but I’m so so excited!

Today I’m going to share with you how I set up my monthly budget. Confession: I’m terrible at money management. It’s something I’ve always struggled with, but before I had a family I didn’t think about it too much. So if you are also struggling to get out of a paycheck to paycheck lifestyle, you can learn how to budget with me! πŸ™‚ With all of that being said, I’m not going to say that my budget plan will make sense for everyone, it’s a very basic get yourself organized kind of budget.

Let’s jump right in!

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First things first, I like to sit down and write on a regular sheet of paper all of our bills for the month, just to make sure I’m not forgetting anything. Then once my rough draft is completed I write the bills down on this check sheet.

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Click here for this monthly bill chart!

The next thing I do is calculate our monthly income, then I subtract our bills to figure out what I have to work with to budget out groceries and other day to day expenses. I found this really awesome budget sheet that breaks everything down into really simple categories.

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Click here for this budget worksheet!

I like how there are 3 different columns. One for your expected spending, one for your actual spending, and one to calculate the differences. This really helps make it clear where your budget can use some work and where you are doing a good job. There are some categories on this worksheet that don’t apply to my life, so I just cross them out and add whichever category I need.

The next worksheet I use is a daily expense tracker. This is what I use to write down what we spend each week, that way at the end of the month all of our expenses are neatly organized and easily calculated.

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It’s a very simple worksheet to fill out. (Sorry for the bad lighting on this picture!)

Here is where I found this daily expense tracker!

I am making it a habit to sit down every Sunday and fill out my daily expense sheet for the previous week, and fill in any categories on my monthly worksheet. This way I stay caught up with our spending, and can make any changes to our lifestyle as needed. It also makes the end of the month calculations much easier.

One other worksheet I want to share with you is a password list. This is helpful for couples who have only one person that pays the bills, in case anything where to happen to “the bill payer” the other spouse can easily find the passwords and take over. It is also helpful for forgetful or “mom brain” persons who easily forget things. (I’m clearly referring to myself ;))

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Click here for this password sheet!

Every worksheet that I use is free to print, and if you are interested in finding different ones, I found all of these on Pinterest. I hope that this will help you (if you need it) on getting your finances organized, and hopefully I will find that it helps me take control of our financial situation. If there’s one thing I’ve learned in adulthood, it really sucks to feel out of control financially!

I will update you all at the end of the month on how I did with my budget. Here’s to finding financial freedom! I hope you all have a wonderful day! πŸ™‚

 

xoxo,

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