Free sample personal budget spreadsheet how to#
Free sample personal budget spreadsheet free#

Income sources: this includes things like allowance money, chore commissions, paychecks from a part-time or summer job, gift cards, birthday money, etc.

Budget Cycle: pick a budget duration (I think teens should use a one-week budget cycle to begin with), and put in the dates in the “Budget for the Week(s) of _” area.

Your teen can use these budget sheets to fill in: You’re on Money Prodigy…so let’s start off with my very own teen budget worksheet! Also, here’s 3 sample budgets for 18-year-olds to help, and 11 teenage budgeting tips.

Free sample personal budget spreadsheet how to#

Psst: you’ll also definitely want to check out 58 common teenager expenses, to get your teen started with how to fill out the expense part of their budget worksheet. It’s one of the best and easiest tools to help them learn how to manage and budget their money. Having said all this, I wanted to dive into some example teen budget worksheets to get your own teenager working on a budget. Not only that, but when you write down what you plan to spend, you’re much more successful at actually sticking to it. Some adults can get away with it because they’ve been at this for decades.

It’s a critical part of teenage money management.Īnd what I like to call “mind budgeting”- trying to keep track of spending and when your next payday is in your head – is simply not going to work.įor starters, teens don’t have enough experience with budgeting to do mind budgeting. Except for my own, of course, because I made it precisely for teenagers! Best Teen Budget Worksheets

Free sample personal budget spreadsheet free#

SO, I’m choosing simple, colorful, and helpful free budget worksheets that will work well for teenagers (even if they were originally made for adults). Hint: there actually aren’t that many teen budget worksheets out there, for free. So, let’s get started with these budgeting worksheets for high school students.

They’ll be able to see it clearly, with their own eyes, and you become less of the “bad guy”. Not only that, but if you have your teen sit down and write out a budget and spending plan, then the next time they are out of money or suffering through a money blunder – like anyone learning how to budget and manage money is going to experience – then you can calmly sit down with them and their budget worksheet and point out where their spending was a problem. Well, you can still ignore it…but it does become harder to do. When you see how much income you have coming in and how much spending and expenses you have going out, in black and white, you can no longer ignore the truth.

To be honest? I’ve even experienced the “aha” moment myself. I’ve seen it time and time again (it happens to kids and adults, too).