Setting up a Budget Binder in your home is a terrific strategy for staying on top of your finances.  It should not only be a record of what is spent, but it should include your estimations for what will likely be spent in the coming year(s).  This binder or manual should be a go-to for all of your questions regarding what you can afford and how long it will take to reach your financial goals.

How to create a budget binder. Setting up a Budget Binder is a great strategy for staying on top of your finances.

Here’s how to create a Budget Binder:

1.  Find a binder that works for you. I really like this Hilroy binder, but any binder will work. I would choose one that has at least a 1″ spine width.

2. You will also want to have some tabbed dividers so that you can separate your budget binder into sections. With the Simply Frugal Budget Binder kit, I provide 12 inspiring quotes that you can print off to create dividers for each month of the year. These Redi-Tag Removable Index Tabs are perfect to add to each quote/divider. The tabs are writable and repositionable so you can move them around or use the same one if you need to refresh the page.

3. I like to divide my Budget Binder up by months. (One section for each month of the year, January – December) In each section/month, I include a Weekly Expense tracker, a Monthly Budget Summary, a Monthly Bill Payment Tracker, a Monthly Income Tracker and a Monthly Expense Tracker.  In the back, I have a Savings Goal worksheet and a Debt tracker.

However, you may want to divide yours up by every fund you have (Auto, Childcare, Clothing, Grocery, Utilities, Travel, banking, loans, etc.) Do what you think will suit your needs best.

4. Also in the back, create a section for account information and include names of financial institutions, addresses, contact information, passwords and any other details that would be worth having at a glance.

5. You can also add pouches to hold receipts, a page to record prices on your favorite items, or anything else that might be useful in keeping your family in the black!

SimplyFrugal.ca has all the printable pages listed above in the Budget Binder kit that should help keep your family’s budget on track!

Do you keep a Budget Binder? What pages do you keep handy in your family or business budget binder?

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