Tracking your expenses day to day is fundamental to knowing exactly what you’re spending your money on and how much you’re spending. Writing down all of your expenses is also the basis of a good budgeting system.
Like any habit, writing down how much you spend and on what takes a little time to remember to do. To make the task easier, I’ve created some printable household expense worksheets that you can download.
The first expense worksheet is for use at home. Print it out and put in on the fridge or somewhere convenient so that you and others in the household can write down the day’s expenses. These can then be transferred to your budget at a convenient time.
It’s a good idea to keep the expense sheet with an envelope for receipts. These can then be used to balance your bank and card statements.
The problem I have with convention budgeting software is that it is based on bank statements not actual expenditure. So if you withdraw $50 from the ATM, you have no record of what you actually spent that money on. Also, if you use EFTPOS in store and buy items from several budgeting categories, there is no record on your bank statement of the breakup of expenses.
This is where keeping receipts is important. You can then balance your bank statement and still breakup your expenses into something meaningful. But what about cash purchases where there are no receipts? This is where you tracking sheet comes in handy. Your ATM withdrawals can then be also broken down into meaningful expense categories.
The expense sheet comes with a section at the bottom to make tallying up expenses into their relevant categories easier. Then you can input these weekly totals into your budget in a matter of minutes. This worksheet can also be printed on both sides of the paper.
The second printable expense tracker is for the wallet. This one can be cut out and folded for wallet sized convenience. The idea is to make tracking expenses when out and about easier. It is very easy to forget what you spent your money on and how much, especially on expenses that don’t come with a receipt. Writing your expense down on the spot mitigates this problem. You should be able to print this sheet (up the same way) on both sides of the paper.
Both worksheets are in PDF format, so you’ll need a PDF reader like Acrobat to view the files. Download the files by clicking on the links below and saving.
If you have any suggestions for improvements or other worksheets that may come in handy, then I’d love to hear from you.