The Home Budget Tour
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Transcript of The Home Budget Tour
![Page 1: The Home Budget Tour](https://reader033.fdocuments.us/reader033/viewer/2022061114/54622dd5af7959422a8b4c27/html5/thumbnails/1.jpg)
Holly JusticePeople | Projects | Software | Communication
Come along for a quick tour of the Sample Home
Budget!
![Page 2: The Home Budget Tour](https://reader033.fdocuments.us/reader033/viewer/2022061114/54622dd5af7959422a8b4c27/html5/thumbnails/2.jpg)
Holly Justice
There are several spreadsheets in the budget workbook. Let’s start with the “Family Budget Projection”.
![Page 3: The Home Budget Tour](https://reader033.fdocuments.us/reader033/viewer/2022061114/54622dd5af7959422a8b4c27/html5/thumbnails/3.jpg)
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Holly Justice
Here we project our estimated income and expenses for the year.
![Page 4: The Home Budget Tour](https://reader033.fdocuments.us/reader033/viewer/2022061114/54622dd5af7959422a8b4c27/html5/thumbnails/4.jpg)
Holly Just ice
We start with sources of income for year such as paychecks. Extra income may recorded from gifts or tax returns.
![Page 5: The Home Budget Tour](https://reader033.fdocuments.us/reader033/viewer/2022061114/54622dd5af7959422a8b4c27/html5/thumbnails/5.jpg)
Holly Just ice
We take a look at our bills and expenses from last year. For most expenses we usually project a slight increase.
![Page 6: The Home Budget Tour](https://reader033.fdocuments.us/reader033/viewer/2022061114/54622dd5af7959422a8b4c27/html5/thumbnails/6.jpg)
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We plan for special expenses like a vacation or a special project to fix up our house.
![Page 7: The Home Budget Tour](https://reader033.fdocuments.us/reader033/viewer/2022061114/54622dd5af7959422a8b4c27/html5/thumbnails/7.jpg)
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Holly Justice
From our monthly estimates, we can see the projection for each quarter and the entire year.
![Page 8: The Home Budget Tour](https://reader033.fdocuments.us/reader033/viewer/2022061114/54622dd5af7959422a8b4c27/html5/thumbnails/8.jpg)
Holly Justice
Now let’s look at the “Family Budget Actual” spreadsheet.
![Page 9: The Home Budget Tour](https://reader033.fdocuments.us/reader033/viewer/2022061114/54622dd5af7959422a8b4c27/html5/thumbnails/9.jpg)
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Holly Justice
Here we start tracking our actual expenses and income monthly.
![Page 10: The Home Budget Tour](https://reader033.fdocuments.us/reader033/viewer/2022061114/54622dd5af7959422a8b4c27/html5/thumbnails/10.jpg)
Holly Just ice
On a monthly basis, things could be better for us or worse, due to changes in income or expenses.
![Page 11: The Home Budget Tour](https://reader033.fdocuments.us/reader033/viewer/2022061114/54622dd5af7959422a8b4c27/html5/thumbnails/11.jpg)
Holly Just ice
So our family takes a different approach. We look ahead and say “How we doing this quarter? ”
![Page 12: The Home Budget Tour](https://reader033.fdocuments.us/reader033/viewer/2022061114/54622dd5af7959422a8b4c27/html5/thumbnails/12.jpg)
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Holly Justice
For example,in January we are over budget due to high expenses. However, we will recover quickly the next month. The quarterly total is more important than the monthly total.
![Page 13: The Home Budget Tour](https://reader033.fdocuments.us/reader033/viewer/2022061114/54622dd5af7959422a8b4c27/html5/thumbnails/13.jpg)
Holly Justice
Now let’s check to see “How Are We Doing?”
![Page 14: The Home Budget Tour](https://reader033.fdocuments.us/reader033/viewer/2022061114/54622dd5af7959422a8b4c27/html5/thumbnails/14.jpg)
Holly Just ice
Here we can check our projection against the actual results.
![Page 15: The Home Budget Tour](https://reader033.fdocuments.us/reader033/viewer/2022061114/54622dd5af7959422a8b4c27/html5/thumbnails/15.jpg)
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Holly Justice
On this budget the electricity and natural gas cost more than we projected. Now we can improve our plan for next year.
![Page 16: The Home Budget Tour](https://reader033.fdocuments.us/reader033/viewer/2022061114/54622dd5af7959422a8b4c27/html5/thumbnails/16.jpg)
Holly Just ice
The charts add visual meaning to the data. This chart shows we projected more income than we actually received.
![Page 17: The Home Budget Tour](https://reader033.fdocuments.us/reader033/viewer/2022061114/54622dd5af7959422a8b4c27/html5/thumbnails/17.jpg)
Holly Justice
Now let’s look at the “Difference in Expenses Chart”.
![Page 18: The Home Budget Tour](https://reader033.fdocuments.us/reader033/viewer/2022061114/54622dd5af7959422a8b4c27/html5/thumbnails/18.jpg)
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Holly Justice
This chart shows the difference in projected verses actual expenses. When the cylinders fall below the middle line, your costs were greater than what you had projected.
![Page 19: The Home Budget Tour](https://reader033.fdocuments.us/reader033/viewer/2022061114/54622dd5af7959422a8b4c27/html5/thumbnails/19.jpg)
Holly Justice
Now let’s look at the “Actual Expenses Chart”.
![Page 20: The Home Budget Tour](https://reader033.fdocuments.us/reader033/viewer/2022061114/54622dd5af7959422a8b4c27/html5/thumbnails/20.jpg)
Holly Just ice
The final chart shows the allocation of money spent.
![Page 21: The Home Budget Tour](https://reader033.fdocuments.us/reader033/viewer/2022061114/54622dd5af7959422a8b4c27/html5/thumbnails/21.jpg)
Holly Justice
This chart helps you see where you might be able to reduce your expenses.
![Page 22: The Home Budget Tour](https://reader033.fdocuments.us/reader033/viewer/2022061114/54622dd5af7959422a8b4c27/html5/thumbnails/22.jpg)
Holly Justice
That’s all the tabs in the workbook! I hope you enjoyed this sample.
![Page 23: The Home Budget Tour](https://reader033.fdocuments.us/reader033/viewer/2022061114/54622dd5af7959422a8b4c27/html5/thumbnails/23.jpg)
Holly JusticePeople | Projects | Software | Communication
I hope you will put your own spin on this
example to make a family budget to fit your
own needs.