Creating and managing a household budget is one of the most important moves we can make when it comes to administering our personal finance. Knowing where your money is going is the first step in cutting waste and growing your savings.
We’ve previously covered some great savings techniques like ‘the envelope system‘ to growing wealth — the envelope methodology is a very effective way to track and manage your spending. But, creating a budget template is vital — it’s never too late to start planning and saving for your golden years!
One resource I really like is from mint.com, because they offer free budget templates to match your lifestyle needs. Managing a household budget can seem like a daunting task, but mint.com (among others), makes it easy to do.
From mint.com’s website:
Managing household expenses can seem like a scary thing, regardless of whether you’re living on your own with your partner for the first time, or are an experienced homeowner with kids. It’s important to confront your finances and create an effective household budget to help you get a grasp on your finances and limits. Follow these tips to creating an effective budget for your home and family:
- Get a Clear Idea of Your Spending Habits
- Cut Non-Essential Expenses
- Review and Revise Your Budgeting Tactics
- Get Some Help From Online Tools
If you’re not too keen on jotting down all your dollars and cents on paper, then try using an effective online tool instead. Using a home budget template in spreadsheet form is a great way to organize your finances so you can clearly see what is coming in and what’s going out.
Need an effective, simple, easy-to-use tool to help keep your household expenses in order? Mint.com has all the solutions you need to keep a budget – and stick to it! Visit Mint.com today and take advantage of our FREE budgeting services and tools!
Mint.com is just one of many online tools and resources for managing your finances, so make sure to find the right one for you. If you haven’t taken the first step yet, now’s the time to do so and mint.com is a great place to start. The key is to take the first step and find the right app and tools for you.