My monthly Household budget listOne of the most common mistakes we make is to manage our personal finances without a budget. This results in overspending and at the end we end up in debts. We tend to spend the money we do not have which is in form of loans through banks or loans from departmental stores.
Below is a simple list which will serve as a guide line for monthly budgeting.Include two columns ,one is what you have budgeted and the second is the actual expenditure.
Support to parents or any extended family
Loans in departmental stores ,insurance ,personal loans
Credit card Payments(minimum or over)
Mortgage or rental
Insurance on the dwelling(house ,flat etc)
Household insurance(on property in the house)
House Groceries(food ,drinks ,toiletries ,care products ,cleaning agents etc--)
Eating /drinking out
Tickets for cinemas /shows etc
House gatherings for family/friends
Food and drinks
MONTHLY NET INCOME
Monthly Net Income-Expenses=Monthly Spendable Income