How to Set Up a Family Budget Sheet

Financial issues are a common reason why people get divorced. He doesn’t like how much money she spends on household expenses, and she resents his expenditures on toys like golf carts and mammoth TVs. Maybe she’s a shopaholic and buys more than the family can possibly ever use, or he could hold a tight rein on the purse strings and not provide the things his family needs. Couples can fight over money for many different reasons, but mainly because of a lack of it. Thanks to these tough economic conditions, many families have had to cut back spending which lead to many disagreements.

It’s best for couples in this situation to set up a budget so they can learn how to use their money properly. You should start by finding a convenient place to put all of the paid bills and receipts. These bills could conveniently fit into a photo storage box. If you keep everything organized, then it will be much easier to file taxes at the end of the year. You should do as the IRS recommends and keep all paperwork for at least three years. You could use three separate boxes for this.

If you have a computer, it will come in handy. Start with a blank spreadsheet and type these headings across the top: groceries, housing, credit cards/loans, car expenses, savings, entertainment, chartible contributions, and a miscellaneous columm. Down the left side of the sheet you can type the months of the year. This spreadsheet will allow you to track your expenses throughout the year easily. At the end of every month you’ll be able to total the expenses under each tab in your file box and place the totals under the appropriate heading. You simply have to total the columns at the beginning of the year. It will be much easier to file taxes if you have everything calculated already.

Each month could also be totaled separately. This will give you a better idea of your monthly expenses. You can determine why you’re spending more money in a particular month if that’s the case. Doc No.wslsdhgt-sdgewa

Kristie Brown writes on a variety of topics from health to technology. Check out her websites on stop divorce and save your marriage

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