Exceltemplates.org – Who said that a housewife shouldn’t know or learn about finance or budgeting? Believe it or not budgeting and financing is not only applicable in formal sector but also in informal sector and household is one of the sectors which financing and budgeting will come in handling. Why? Because if a housewife doesn’t understand about how to control their expense it is possible for the household expense to be over budget and in the end financial problem cannot be avoided.
Household expenses excel spreadsheet is what needed to keep a housewife on track with their expenses. The spreadsheet will contain some points so it is easier to read. However, before we jump to learn about which points should be available in the spreadsheet there are some things that should be taken into consideration as well:
- List of expenses should be categorized or labeled with regular, needs and occasional. This is important to do so if somehow in the end of the month you find the expenses is over budgeted and then you could just eliminate or reduce the optional expenses in the next month.
- The expenses should be recorded daily. It is actually MUST to be done because it is the only way to keep you on track with your expenses.
- Compare it with the income. You could do it at the end of the month or divide your monthly income with the number of days so you will get the daily income to be compared so you will have daily report of expenses.
Once you understand the three factors mentioned above, the next thing you should do is start creating the household expenses excel spreadsheet. Below are some points you should put in the spreadsheet:
- Put the list of expenses based on the categories have been made. For example is regular is like education expenses for children, TV cable, car loan, electricity invoice and so on. While needs are like water supply, regular food supply, healthcare supply and public transport. Occasional is like the need to buy magazine for fun or going on vacation. You don’t need to put them all, you could start it with what you remember and customize it later when you remember more.
- Make sure to update the spreadsheet daily. For example is you pay the TV cable on the first day of the month and the next day you go shop for food supply and so on until you reach the end of the month.
- At the end of the month you could total all the expenses and compared it to the income you received at the same month. If the expenses are over budget and then you could start filtering the occasional expenses and choose which expenses you could cut off for the next month.
It is important for every housewife to learn about financing and household expenses. It is not able to helping your husband by managing the money efficiently but also helping the whole family by avoiding them from any financial situation just because the expenses are uncontrolled.
