While you can set a maximum allowance for those categories, the number will typically change month to month. Most bills are predictable like your mortgage or rent payment (static bills), while others will be more flexible like gas, groceries and entertainment. Components of a Family BudgetĪfter considering monthly income, the next step is to plan out your categories, or as I like to call them “line items” on your budget spreadsheet. Try working with a budget of $3000 or $2500, that way you leave yourself a little wiggle room. For example: Let’s say on a good month, your monthly income is $4,000.
If your family’s income fluctuates each month, err on the side of caution and pick a baseline number to work with. The most important factor here is to start with monthly income and then work backwards from there. As a student in the course, you’ll be invited to join our private SAHM Facebook group! There’s an entire module dedicated to Home Management Systems (AKA running your home on autopilot). If you’re all about step-by-step help, I teach a course called the Ultimate Stay at Home Mom Course that will help you take your stay at home mom life from chaos to control. – Hi! I’m Marla, full-time SAHM to 3 little girls. Your family’s division of responsibilities may look different, but at the end of the day, establishing a monthly budget and sticking to it, is essential for any family. This strategy will change your life when it comes to budgeting.īut first, you should know I am not a financial planner, expert, or anything of the sort! Just a mom like you who has to wear a million hats while managing a family.Īs a stay-at-home mom, I am responsible for various aspects of our daily lives:Īnd my husband is responsible for a different set of duties: I’ll walk you step by step through how I created my monthly excel spreadsheet in Google Sheets, to how I maintain our family’s budget once a month. Today I’m going to share my simple budget strategy with you. Get my free printable excel budget template to help keep you on track.
Inside: Learn how I do our family’s monthly budget ! Keeping track of household expenses is essential.
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