New to setting up a budget? Overwhelmed by all of the different budget programs available? Here is the simplest budget that still fits any lifestyle, and even works for kids!
We knew there would be struggles that would come from having 5 children from another family in our home for most of the day (they come before breakfast and leave after dinner, although 4 of them are in school). After all, Mrs. Crazy is the oldest of 10 children, 4 of whom were adopted out of foster care.
But what we didn’t anticipate was the needs of their father as well. He works full-time in a low-income job, and he loves his children dearly. It has been difficult for him to ask for our help during work hours so he can keep them safe from their mother. We’re trying to help him gain a firmer foothold on life (new living situation away from the mother, nearer employment for less commute, etc).
Y’all…..we can’t even begin to describe how very different their lives are from ours.
The kids don’t know what a blog is. The father (who has been wise enough to avoid any debt) has never made a budget before. He’s never even seen a resume, let alone know what one is to write one.
He’d never even performed a Google search on a computer before. He had no idea how to click on the links in the results to get to where he needed to be.
And this is in a first-world country.
Now, before you think we’ve put the wrong title on this post, let’s recap: no internet, no computer, no budget.
How, then, is he supposed to budget his money?
To help with that, we created an extremely easy budget that can be customized to the most simple or most detailed spending habits. There are three different blank pages included that can be used to help you manage your finances:
Monthly Budget Accounting (12 per year)
Each month, you will want to compare the amount you budgeted for each category with the amount spent. This will help you make any needed adjustments for the following month, as well as recognize any patterns you may have in overspending or places you could save more money.
Some categories only have one expense per month, such as rent/mortgage. In these cases, you will not need to track leftover amounts in the budget, since they are typically a fixed amount. You can track the entire year’s mortgage on this page instead of printing an entire page for just one expense.
Monthly Tracking (12 per category per year)
Print one page per category every month. At the top, there is space to put the starting balance for that category. Every time you make a purchase or pay a bill, enter the expense and calculate the new balance remaining in the category’s allotted budget.
You can download this budget HERE.
If you are looking for budgets that are a bit more involved, check out our 9 Simple & Different Budgeting Methods.