The Best Family Budget Excel Template for Free Download

Budgeting is a skill that you can teach your children and one that they will need to learn in order to be financially successful. Budgeting is a family activity, so it's important to create a budget together and make it fun. The best way to teach your children about money is by setting up a family budget excel template. It's easy to do and you'll be able to track your progress. You can even make it a competition with your kids to see who can save the most and get the most for their money. Family budget excel template is a free template provided by WPS office.

10 Best Family Budget Excel Template for Free Download

1.Financial Monthly Budget Statement

This monthly budget planner can be used to calculate all the expenses of the household. You can track the expenses for every month.

2.Home Budget Worksheet

A clean and concise manner of separating the different expenses. All of them can be entered in this template and the budget can be managed.

3.Simple Budget Worksheet

This not only accounts to the data and differentiating it into various sections, it also gives a pie chart so you can see what part of your money is going into savings and what part into expenses, on a bigger picture.

4.Simple Budget Worksheet

Old is gold they say - this worksheet is exactly that! It can be used to keep check of the extra stuff brought and how much it affects the budget.

5.Wedding Expense Budget Management

Wedding budget can get out of hand if you don’t have a way to control it. This template can be used to list every one of the expenses. This way you’ll know through the remarks section if each section of the expenses is worth it or not.

6.Modern Basic Budget Worksheet

If you are renovating your house or furnishing the one built, this template can be used. It’s originally for the doors and windows but can be modified for budgeting anything related to your house.

7.Monthly Expense Record

Follow up your monthly expenses of your family by using this template. This excel sheet works great for a general overview of the annual expenses, via the monthly expenses.

8.Income and Expenditure Schedule

This looks into every single detail of your income and expenditure. You can see what part of your income goes to what expenses, and you can budget accordingly.

9.Monthly Balance Sheet

This balance sheet can be used to keep an eye on the products bought on a monthly basis. Budget can be formulated while keeping this in mind.

10.Household Income and Expenditure List

This is another great template to use. The record of monthly bills can be kept. You can modify the sections according to the expenses of your own house.

5 Websites Where You Can Find Family Budget Templates

1. WPS Office(https://www.wps.com/)

WPS Office is a comprehensive office productivity suite that includes a word processor, spreadsheet program, and presentation software. It offers a range of templates, including family budget templates.

Pros:

• Integrated suite: WPS Office provides a complete office suite, allowing users to create, edit, and manage documents, spreadsheets, and presentations in a single platform.

• Template variety: WPS Office offers a diverse selection of templates, including 5-year plan templates, providing options to suit different needs and preferences.

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2. Template.net (https://www.template.net)

Template.net offers a collection of professionally designed templates, including family budget templates. They provide templates in various formats such as Word, Excel, PDF, and PowerPoint, which can be downloaded and customized.

Pros:

• Professional designs: Template.net offers templates that are professionally designed and visually appealing, providing users with high-quality options.

• Wide range of categories: The website covers a broad range of template categories, ensuring users can find templates for various purposes and industries.

Cons:

• Limited free options: The selection of free templates may be more limited compared to the premium options, requiring users to consider their budget and needs.

3. Spreadsheet123 (https://www.spreadsheet123.com)

Spreadsheet123 is a website that offers a wide range of free Excel templates, including family budget templates. These templates are customizable and designed to help manage personal finances.

Pros:

• Free and comprehensive templates: Spreadsheet123 provides comprehensive family budget templates that cover various aspects of personal finance.

• Easy to use: The templates are user-friendly and can be easily customized, even for individuals with limited Excel experience.

Cons:

• Ad-supported: The website may contain advertisements, which can be distracting for some users.

4. Vertex42 (https://www.vertex42.com)

Vertex42 is a website that provides a collection of free Excel templates, including family budget templates. 

Pros:

• Free and high-quality templates: Vertex42 offers a range of well-designed family budget templates that are available for free.

• Compatibility: The templates can be used with Microsoft Excel or Google Sheets, providing flexibility in choosing your preferred spreadsheet software.

Cons:

• Limited variety: While Vertex42 offers quality templates, the selection may not be as extensive compared to other websites.

5. Microsoft Office Templates (https://templates.office.com)

Microsoft Office Templates is Microsoft's official website offering a wide range of templates for various purposes, including family budget templates. 

Pros:

• Customization options: You can modify and personalize the templates to fit your specific budgeting needs.

• Variety: Microsoft Office Templates offers a diverse selection of family budget templates, allowing you to choose the one that suits your preferences.

Cons:

• Limited to Microsoft Office: The templates are primarily designed for use with Microsoft Excel, so they may not be compatible with other spreadsheet software.

• Basic features: Some templates may have basic features and may not include advanced budgeting functionalities.

FAQs about Family Budget Templates

Q: What if my income fluctuates each month?

A: If your income fluctuates each month, there are several strategies you can implement to manage your budget effectively:

1. Determine your average income and expenses: Calculate the average of your income and expenses over a few months to establish a baseline for your budget.

2. Try a zero-sum budget: Allocate every dollar of your income towards specific categories, ensuring that your expenses do not exceed your income.

3. Separate your saving and spending money: Set aside a portion of your income for savings and create a separate budget for your spending money.

4. Build up your emergency fund: Having an emergency fund can provide a safety net during months with lower income. Prioritize saving a portion of your income to build up this fund.

Q: How can I stick to my budget and avoid overspending?

A: Sticking to a budget and avoiding overspending requires discipline and conscious decision-making. These tips will help you stay on track:

1. Take inventory of your spending and create a budget: Analyze your current spending habits, identify areas where you can cut back, and create a realistic budget based on your income and financial goals.

2. Reduce credit card spending: Limit the use of credit cards or use them wisely to avoid accumulating unnecessary debt. Stick to cash or debit card payments whenever possible.

3. Reduce spending on food and entertainment: Look for ways to save on groceries, dining out, and entertainment expenses by meal planning, cooking at home, and exploring free or low-cost activities.

4. Reduce monthly bills: Review your recurring bills and look for opportunities to cut costs, such as negotiating lower rates for services or switching to more affordable alternatives.

5. Review memberships and subscriptions: Evaluate your subscriptions and memberships to determine if they align with your current needs and priorities. Cancel or downgrade those that you no longer find value in.

6. Track your progress: Regularly monitor your expenses and compare it to your budget. Use budgeting apps or spreadsheets to track your expenses and stay accountable.

7. Make your finances sustainable: Aim for long-term financial sustainability by saving for future goals, building an emergency fund, and practicing mindful spending habits.

By implementing these strategies, you can better manage your family budget, adapt to fluctuating income, and cultivate healthy financial habits that support your financial well-being.

Conclusion

There are many budgeting tools available online, but if you're looking for something simple, try using an excel spreadsheet. An excel spreadsheet is a great place to start because it's easy to input information and update it as needed. If you are looking for more detailed information about how to create a budget, visit WPS office for family budget excel template. WPS office is free software suite where you can download these templates. The WPS office software is a free application that you can download and use on your computer. It offers support for Word, Excel, PowerPoint and PDF formats. You will also be able to share your documents through email, Google Drive, Dropbox, or other cloud storage services. Download it from its website and google play store.