Download 16+ Free Weekly Budget Templates to help you prepare your budget easily. You can check our collection of other related templates such as Project Budget Templates and Household Budget Templates.
The common problem for most of us is that we don’t earn as much as we want to spend. Indeed, money doesn’t seem like a problem for wealthy people, but for those who work small jobs and earn hourly wages, it can be a big problem to adjust to a small income and still support their family. If you want to earn more, it depends on you and the fact that how hardworking and dedicated you are to your work but when you can’t do anything else, the least you can do is make a budget plan and stick to it.
Most people find it hardest to decide if they want to work with a budget; once they do, it’s downhill from that point. When you want to live with limited income and provide for your family, along with saving a small amount of your income for future purposes, you should prepare a weekly budget. This very effective and easy tool will help you out without any professional interference. It is easy to evaluate how much you earn and enlist your weekly expenses. These two are the only elements that you need for a weekly budget plan.
Useful Tips for Creating a Weekly Budget:
- Understand your sources of Income:
First of all, you need to figure out what your sources of income are. For most of us, it’s only a regular salary, but if you have any investments or you run a small business, you will have more income than others. Come up with a figure that will be your monthly income. - Evaluate how much you Earn per Week:
When you are planning a weekly budget, you need to divide your monthly income into four parts for each week of the month. For example, if you earn $10,000 per month, it means that you earn $2,500 per week and you need to make your weekly budget within this figure. - Estimate how much you will pay in Form of Utility Bills:
After that, you should estimate how much money you pay in the form of utility bills, rent or mortgage payments on the house, insurance installments, tax payments, and the money that you owe to your friends. These are the expenses that you can’t compromise on. - Enlist your Expenses and Prioritize them:
Now you need to enlist the expenses that you have every week. This includes grocery shopping, clothes and shoe shopping, and other expenses that you or your family have. After that, you should prioritize these expenses, i.e. the most important expense on the top. - Cut back on luxuries that you can’t Afford:
Once all the expenses are listed, you should evaluate which of the expenses are just luxuries because when you work on a limited budget, you should take care of where you spend your income and it shouldn’t be a luxury that you can’t afford.
Free Weekly Budget Templates
Weekly Home Budget is prepared to take control of your home finances according to your needs every week. While you prepare a Weekly Home Budget, you need to consider a lot of things in mind and determine a clear purpose for this document. You need to understand the budget process first, and the same process applies to setting up a monthly budget. Keep your weekly income and spending in mind and set up according to it. In a Weekly Home Budget, you can divide your budget more conveniently.
Download all these Free Weekly Budget Templates that can easily help you prepare your Weekly Budget effectively.
Here is the Weekly Budget Template for your House or Home Expenditures. You can easily visualize your month in four weeks and how you spend on these weeks in the form of Planned vs. Actual Spending.
For some people, it may be a big challenge to create a budget every month, so they find it more convenient every week. In Weekly Home Budget, you can get more details on every item, which will surely influence the annual budget plans. It’s wise to keep flexibility for some suddenly occurring things, like guests, events, or some medical-related issues that may require your attention at any time and come your way suddenly.
Here is another good-looking Budget Template that can fulfill your requirements quickly and effectively.
Your biggest wealth-building tool is your income and the most ideal approach to tackle the power of your wage is by budgeting. It is the budget from which the whole circuit of your routine life flows like food, traveling, billing, rent, etc. Most people think that budgeting is not as important because it creates a boundary against them to not spend money without reason. Many people don’t make a budget because they are not aware of the importance of a Weekly Home Budget.
Check out this Monthly Budget Calculator that can help you overcome your financial challenges efficiently.
You can set your future goals and you can set your financing under control with the help of these guidelines. A Weekly Home Budget is a plan that can tell you about your income and spending habits, so you have a clear idea of where is your cash going. It will help you to set your future goals, determine your net worth, and monitor the flow of your cash. You can manage the budget of your house according to your needs. You can also set some of your money for saving purposes for future usage.
If you have set your financial goal for different purposes, for example for coming out of debt, for saving purposes, etc. then it will also help you to work towards it. You can categorize your payments, so you have a good idea of where your money is going. Your categories could include debt payments, utility bills, child care, travel rent, etc. It is very important to take a brief analysis of all the aspects you want to cover in your Weekly Home Budget to avoid mistakes. An accurate review of how you have spent your previous income will help you to prevent under or over-budgeting. You should set aside at least one hour before you start making the Home Budget because if you make your budget in a hurry then it will result in many errors involved.
Check out this printable Budget Form Sheet that can easily list down all of your potential expenses and income sources. This will enable you to plan your finances quite easily and with complete details.
Following Personal Budget Plan (weekly) is quite an extensive MS Excel Worksheet that can assist you in meeting your financial goals this month. It will manage your expenses every week so that you can accommodate maximum potential expenses within your available income.
Another simple yet very effective Personal Budget Planner template. With the least information, you can still plan a good budget for the upcoming month.
You have to audit your past financing before you plan your future savings and spending. Examining your past financing helps you make a realistic Weekly Home Budget. The next thing is to calculate your total income and then unavoidable expenses. Based on this, you can make your budget which includes different categories like total income, your weekly child care, weekly travel rent, weekly kitchen expenses, etc. The best thing is if firstly you make a monthly budget then based on that you make a weekly budget that clearly defines everything about all categories in the specific week.
Hence, following the simple yet effective Budget Worksheet can assist you easily.
By using any of the above-shown Weekly Budget Templates, you can easily manage, plan, and track your Budget for weeks to come. You simply need to put in your actual details and these sheets are ready to serve your purpose. You can also use more than one budget template as per your situation such as one for home use and another for your office.
