For free and impartial money advice and guidance, visit MoneyHelper, to help you make the most of your money.


Monthly Budget Tracker – Free Spreadsheet Download

For free and impartial money advice and guidance, visit MoneyHelper, to help you make the most of your money.

A monthly budget is an account of your finances over a monthly period. It will document your incomings and expenses to paint a picture of your financial health. It is especially useful if you are paying back debts or want to save money. The monthly budget could help you identify ways to save money and therefore pay back debts quicker. 

If you do use a monthly budget for this reason, you might also want to use a debt payoff calculator or a saving goals tracker as well.

Keep reading to learn more about monthly budget trackers and how we have a free monthly budget resource for all our readers.

Monthly Budget Spreadsheet
Monthly Budget Spreadsheet

Save More with the 50/30/20 Rule

Some people use a monthly budget tool to stick to the 50/30/20 rule. This is a spending theory made famous by an American politician called Elizabeth Warren. She stated that everyone should spend 50% of their income on necessities, 30% on things you want and 20% should be saved. 

Of course, not everyone can stick to the 50/30/20 rule. If you have big debts or are financially struggling, you probably won’t be able to use this rule right now. But it is one way to analyse a monthly budget if you are using a budget just for saving purposes.  

How Do You Write a Monthly Budget?

Creating a monthly budget is quite simple. All you need to do is write down the amount of money you receive each month. For most people, this will just be employment income. And then write down your monthly expenses, such as bills, rent, groceries and memberships. Don’t forget the smaller things people tend to forget, like haircuts or regular social occasions.

This is the most basic form of a monthly budget. You can download more detailed and informative monthly budgets for free – like the one we have made for all our readers. Read on to find out more. 

The Monthly Budget Common Mistake

The biggest mistake people make when using a monthly budget is that they do not update it. They make their monthly budget, stick it on the fridge and then expect everything to stay the same throughout the months. Your expenses could change, and so could your employment income, so it is essential to regularly update your monthly budget for accurate results. 

Our Monthly Budget Spreadsheet Can Help!

We have designed and created a free monthly budget tracker for all Money Nerd readers. Our free monthly budget spreadsheet is a little more sophisticated than the average monthly budget resource -without being complicated at all. 

We provide room to add your income and expenses and then use the information to create a graph automatically. This graph will show how much you have saved each month. And you can use it to spot where you can save even more money. 

Download our free monthly budget spreadsheet to start saving effectively for debt repayments and big purchases!


Are you struggling with debt?
Are you struggling with debt?
  • Affordable repayments
  • Reduce pressure from people you owe money to
  • Stop interest and charges from soaring