I have a beautiful and practical budget planner for you to download for free. I think it is so important to track your money to budget well, especially if you are a large family living on one income.
When I first got married, I did not use anything special to track our money. I simply wrote down our income, expenses, and savings on notebook paper to keep us budgeting well.
You can do something as simple as that, or you can use the free budget planner to make it even easier! With a family, multiple bills, and many expenses you will appreciate the detailed budgeting pages included in the free printable pack.
The Budget Planner even includes a subscription tracker page. You can print a new monthly budget page for each month.
Budget Planner & Tips
- My best tip is to simply track your money in some way! Whether it is on paper or on the computer using a program like QuickBooks (what we do now – get up to 50% off using that link), just do it.
- Knowing exactly how much money is coming in and how much is going out will help you evaluate your spending versus savings and determine where you may be able to cut costs.
- Ideally, you would categorize each expense and give as much detail as possible on your tracking system.
- Choose to save a little each month in separate “categories” for use at a later time. Example: save $20 each month in a “vehicle maintenance” category to then use every few months or so for an oil change, new tires, etc. In this way, you are not hit with a large, unexpected bill.
- Even if the money saved is kept in the same bank account, knowing the amounts allotted for each category is great.
- In the case of an emergency, you can use money from more than one “category” … just be sure to work to replenish them all going forward.
- After tracking your money for 12 months, reevaluate your spending and savings. Did you save money in a category that was not used? You may not need that category. Did you spend money on something you had not expected to? Consider creating a new category.
- Watch for any patterns or habits – whether good or bad. What can you change or do differently?
Money-Saving Mom Tools
More Frugal Living Tips
Besides using a budget planner, more ways to live frugally are to …