Start Your Household Budget

by on August 3, 2011

The first thing you need to do before you start your household budget worksheet is to get motivated.  Finding motivation to track expenses, think critically about your spending, and then to put it all into a spreadsheet can be very difficult.  To get over that hump you need to think of something positive to motivate you.

Maybe it’s because you’re spending more money than you’re earning, or maybe it’s to save for a vacation, or to find more money to put into your retirment or stock account.  Whatever your reason for starting a household budget, make sure and feel that something positive will come out of it.  Focus on your goal of saving more money and think of all the great benefits that will come with a healthier budget!

household budget worksheetHere are some goals that an improved household budget can do for you:

  • Pay off your credit card debt and get you out of debt faster
  • Help save for a vacation, remodeling or other large expenditure
  • Create extra money for you to invest in your savings account
  • Help you really understand where your money is spent (most people underestimate their expenses)
  • Determine where you should focus your spending changes
  • Help save for college or other education
  • It will give you the feeling that you are in control of your finances
  • Saving money just plain feels good
  • Reduce the time it takes to reach retirement goals

So, find out what motivates you and then make that your reason to start your household budget today.  Stay motivated and watch for our future articles on actually creating your budget

{ 4 comments… read them below or add one }

les February 13, 2012 at 5:14 am

Thank you for some very good tips to help us to budget better and encourage us to spend less and make our money work for us.


Lee September 23, 2012 at 9:23 am

Hi budgeting for me is writing lists of things I have to spend money on and ignoring the rest. Really seems to help me when money is tight. We all have to find something that works for us.

For some great info thanks lee
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Lee February 2, 2013 at 7:52 am

It’s lee again what I have been doing lately to help me budget is literally pay bills as they arrive so I don’t have the money in my account with un paid bills still to pay this way I can’t spend money I don’t have spare.
Hope this helps someone.

Thanks lee
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Nia April 27, 2013 at 2:01 am

very Informative article.
The to make “Household Budget” is really Important factor today. The goals which you discuss that really an improved household budget. Information encourage me to save more money and do good Household Budget.


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