We don’t have a choice about this since we are renting. Most of our appliances, including our hot water heater and furnace use natural gas. This insurance bill includes the monthly premium for both of our cars, a life insurance policy for each of us and our renters insurance. I would like to find a way to get this down. We have a limited data plan and rarely go over it. This is for mine and my husband’s cell phones. It is pretty basic but it allows us to stream videos on a few devices and do our usual online work, etc. We don’t have really fancy internet service. And for the house we have and the average rental rate, we got a really good deal. Below are the fixed expenses for this sample budget. They do not vary or fluctuate–you always know what they are going to be. These are the expenses that are the same month after month. Whenever you start working on your budget, you want to start with your fixed expenses. Sample of Family Household Fixed Expenses Use what you learn to start making decisions for YOUR money. Different parts of the country will have differing expenses for the same category. I want you to get a sense for how a budget works, not focus on the specific dollar amounts. But remember, everyone is on their own financial journey. In this sample budget I am going to show you where our money goes each and every month. I will also explain a few details along the way that will allow you to see where we are in our financial journey, and where we are headed. In this post I am going to show you our real budget numbers–our true, real life family budget example. I want to invite you to look over my shoulder, so to speak, and see an example of how we do our monthly family budget. Well, it can be super helpful to look over someone’s shoulder to see how they do their budget, so that you can get ideas for how to start your own. And having a budget is a MUST for achieving financial goals and, ultimately, financial freedom.īut what if you don’t really know where to start with creating a budget? Where do you even begin? Mostly because it is a true reflection of your financial life and where your focus is. When you are starting on your budgeting and financial freedom journey, it can be hard to know where to start.Ĭreating a budget is a very personal process.
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