- Income. This category is a list of the different sources of income such as salary, commissions, bonuses, and net sales unit, for example.
- The variable costs. These are expenses that change a little each month. Some examples of variable costs are clothes, food, recreation, entertainment, utilities (water and electricity), and food. The amounts you put in the variable cost side of the Monthly Household Budget Worksheet are approximations of the actual amounts each month.
- Fixed costs. Costs that do not vary each month are called fixed costs, including loan payments, rental fees and insurance premiums.
- Income and Expense. When using a Monthly Household Budget Worksheet, you need to get all the revenue, total variable cost and total fixed costs. Obtain the sum of fixed and variable expenses and then deduct from the total income. The resulting amount is called the 'disposable income, which can be used for savings or emergency funds. If expenses are greater than your income, you need to make some changes in the amounts set aside to variable costs.
Finally, the information they have learned and create a Monthly Household Budget Worksheet. In this sheet, fill your back with your fixed costs, fixed and variable costs incidental payments, such as credit card payments. After your total income and expenses that will be able to see if you have an excess at the end of the month or if they are short. If you are short, now is the time to cut some costs and some fixed variables occasional costs to make a Monthly Household Budget Worksheet.
Management of household finances is much easier when you use a Monthly Household Budget Worksheet. When you use a Monthly Household Budget Worksheet, you must use formulas to calculate totals. This way, you make the process much faster because you do not get the totals manually using a calculator. This also avoids errors in calculating your budget.