These spending patterns and behaviours can be called ‘spending leaks’ - we’re going to change your mindset to look at these instead as ‘opportunities to save’. It will also help you identify spending patterns and behaviours that could be better managed to save money. Look to have all fixed expenses debited out of a single account for better tracking.įollowing these tips will help you document all of your expenses for your budget spreadsheet.Analyse how much physical cash you withdraw and spend – try to not use cash ongoing.Analyse your credit card statement for spending patterns by categories.
![sample monthly household budget spreadsheet sample monthly household budget spreadsheet](https://www.docformats.com/wp-content/uploads/edd/2018/04/Weekly-Household-Budget-Template.png)
Here are some tips to accurately gather your existing expenses to document in your budget: Instead of trying to track these mini variable expenses, you might be better off stating ‘I have $50 per week for variable expenses’ and work towards sticking to this number. For instance, some days you may buy a coffee – other days you may not.
![sample monthly household budget spreadsheet sample monthly household budget spreadsheet](https://i.pinimg.com/originals/72/9b/2f/729b2f19d795c88adb2398670cd44dae.jpg)
When calculating your expenses, also factor in unexpected bills, such as unplanned car repairs.Ī good rule of thumb is to add an extra 10 per cent to 15 per cent. A forgotten bill really throws a wrench into your savings plan.
![sample monthly household budget spreadsheet sample monthly household budget spreadsheet](https://excelxo.com/wp-content/uploads/2017/07/sample-home-budget-spreadsheet.jpg)
Remember that being thorough when you add up expenses is important in creating a realistic budget. Some expenses are intermittent, such as insurance payments, so to get the most accurate financial picture you can calculate an average for six months to a year. Assess your expenses by consulting your bank statements, receipts, and financial files.