Household budget model: take control of your cash flow

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Want to take control of your money? A family budget is a great way to track your spending, see where you can cut back, and ultimately do more with your money. Our calculator helps you figure out how much to spend on groceries, bills, loan payments, take out, and more. Get the old school and print it out, stick it on the fridge and take control of your money.

Create a personalized family budget with our calculator

* Although every effort has been made to ensure the accuracy of this calculator, the results should only be used as a guide. They do not constitute a recommendation or an eligibility test for any product and should not be construed as financial advice, investment advice or any other type of advice.

What is a family budget template and does it actually work?

Essentially, a family budget template is a plan that helps you manage your household expenses. It’s about balancing your cash flow (income) with your cash outflow (bills and expenses). Ideally, the best family budget template should outline a plan that allows you to balance your spending with a good amount of savings.

Does this sound like a problem? Not enough. While many people prefer to manually jot down their monthly household pattern, you can always go for a more elegant online budgeting app. Either way, setting clear monthly spending and savings goals helps keep you accountable. More importantly, with budget planning, you’re less likely to make impulse purchases that could squeeze your wallet.

5 tips for a fast and efficient home budget

1. Choose a budgeting technique

Detail-oriented people might prefer to list monthly expenses and allocate a fixed amount for each activity. Broader thinkers might prefer to categorize their spending into “needs”, “wants” and “savings”. You should ultimately choose a budgeting technique that appeals to the way you like to think about your finances. Here are some popular techniques to consider:

  • Budgeting by activity. As mentioned, this technique involves allocating an amount or a percentage to the activities. For example, you can list your monthly household expenses in your family budget template. This could include oil money, utility bills, and groceries. Allocate a budget for each of these categories.
  • Budget 50/30/20. This method involves allocating 50% of your income to essential expenses (“needs”), 30% to non-essential expenses (“wants”) and 20% to savings.
  • Budget 80/20. If you feel too limited by the 50/30/20 home budgeting allowance, you can always switch the numbers to an allowance that you are comfortable with. For example, the 80% spend and 20% savings model is a popular option to consider for your household budget model.

2. Track your savings

Choosing a budgeting technique would be futile if you don’t follow it. In many cases, people abandon their family budget model after the first few months simply because they don’t stick to their budgeting techniques.

One of the most popular ways to solve this problem is to budget through an online app, like the Finder app. You get an overview of your arrears, monthly expenses and savings at any time. The Finder app also makes it easy for you to track your savings, monitor transactions, view credit reports, and stay up to date with the latest offers to help you save. It’s all free – and it could give you a world of savings on top of any budgeting technique.

3. Set limits on non-essential spending

When implementing a budget technique, remember to be tough on non-essential expenses. These are the categories that end up eating your savings and preventing you from making your money grow faster. Let’s take a look at the different types of non-essential expenses you need to watch out for on your family budget model:

  • Luxury and leisure products. Budgeting often involves sacrificing high-end expenses for long-term savings. That means fewer restaurant meals and fewer expensive trips or indulgent shopping sprees. These activities are all considered non-essential and should be limited if you’re trying to budget better.
  • Expensive brands Even the basic necessities can be differentiated into essential and non-essential items. For example, you should go for a cheaper brand when shopping for groceries instead of splurging on high-end products. Switching brands and saving a dollar on cheese could actually add up in the long run.
  • Expensive stores. Some stores offer higher price tags simply because of their brand name. It might be worth considering buying a product from a cheaper local store instead of an international branded chain. In many cases, the difference in quality is marginal while the price savings can be significant.

4. Plan ahead

Planning helps prevent impulse buying. This applies both to the overall budgeting of the house and to the little moments in your life like planning meals. Planning with your home budgeting model gives you a better understanding of your monthly savings, which in turn will inspire you to consider your finances before spending. Plus, smaller steps like meal planning reduce the likelihood of you spending unnecessarily on luxuries like takeout.

5. Consider offers and discounts

Do you have a subscription in clothing and makeup stores? Does your supermarket offer discounts on the products you usually buy? If so, take advantage of these offers and incorporate them into your home budgeting model. This will give you a better understanding of your total finances and remind you to take advantage of the relevant discounts when you spend.

Previews in the Finder app

The Finder app searches for personalized ways for you to save money. You could save on your bills, mobile plan, credit card, insurance and more. Enter your phone number below to get your download link.


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