This is how we manage the personal finances of a family of 7 with multiple sources of income including a steady salary of bi-weekly paychecks.
How to use this spreadsheet:
FORM – 2 Account Family Budget
- The top showing dark orange is the income
- The light pink, orange, purple, and grey lines are monthly savings and expenses
- The last line is considered “Cashflow” or anything extra that is not allocated to any one thing
- As bills get paid, cut and paste to column D. This removes them from the “remaining monthly expenses” calculation
- The savings accounts can simply be taken from C9 – C13 and increase the balances to the right
- The first cell in the next Column is what is your current bank account balance
- As your income gets deposited throughout the 4 week period, delete the amounts in the F cells
So you can see that the you may have $750 in the bank, but you really only have $250 worth of cashflow to play with once everything clears.
Free tools are the best. Contact me on my facebook page below with any questions on how to use this spreadsheet!
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Engagements, opportunities, and deal flow are welcome through his Facebook business page – Justin Corritore
