It’s an expense that we can pay for when it arises, but it’s just easier to put it into the budget as an annual expense and let the worksheet figure out how much it costs us per month. A good example of those expenses are gifts: We spend $50 per person per birthday and for Christmas.
We also have items that we spend on throughout the year but do not set up an automatic savings deposit to pay for them.
We set up our checking account to automatically deposit this amount into a savings account on the 5th of each month. Thus, the “Total” is the amount of our monthly deposit. We have an “Annual Expenses” category, for items we save for over the course of a year by depositing money into a savings account each month. Annual ExpensesĪnnual Expenses are expenses that happen less frequently than every month. If the expense is not an individual amount, but an expense for the entire family (for example: your mortgage or rent), enter that number into the “Shared” column. How to Use The Budget WorksheetĮnter the monthly amount spent for each family member on every item. It is a link to a Google Drive document, which you can download to your computer or save to your Drive folder - where you can access it whenever you have an internet connection. Do you want to figure out where you have been spending your money?ĭo you want to set up a budget for where to spend your money going forward? Click here for the budget worksheet I created for my family’s finances.
