Templates · Budgeting
Free Household Budget Template
A budget built for two (or more). Whether you are a couple or a family, this template tracks multiple incomes, shared expenses, personal spending allowances, and household savings goals — all in one place.
- Budgeting
- Spreadsheet
- Free template
What's included
This spreadsheet includes 5 sections covering everything you need.
Combined Income
All the money coming into your household from both partners.
| Person | Source | Amount | Frequency |
|---|---|---|---|
| --- | --- | --- | --- |
| --- | --- | --- | --- |
Shared Expenses
The bills you pay together — housing, utilities, groceries, insurance.
| Expense | Budgeted | Actual | Split % | Person A Share | Person B Share |
|---|---|---|---|---|---|
| --- | --- | --- | --- | --- | --- |
| --- | --- | --- | --- | --- | --- |
Individual Allowances
Personal spending money for each person. Spend it however you want, no questions asked.
| Person | Monthly Allowance | Spent | Remaining |
|---|---|---|---|
| --- | --- | --- | --- |
| --- | --- | --- | --- |
Family Savings Goals
Goals you are working toward together — vacations, a house, kids' education.
| Goal | Target | Saved | Monthly Contribution | Target Date |
|---|---|---|---|---|
| --- | --- | --- | --- | --- |
| --- | --- | --- | --- | --- |
Household Summary
The full picture: income, expenses, allowances, and what you are saving.
| Total Income | Shared Expenses | Allowances | Savings | Net Remaining |
|---|---|---|---|---|
| --- | --- | --- | --- | --- |
| --- | --- | --- | --- | --- |
How to use this template
Follow these steps to get the most out of this template.
- 1
List every income source in the household — salaries, side income, passive income, all of it.
- 2
Agree on your shared expense categories and how you will split them (50/50, proportional to income, etc.).
- 3
Set individual allowances so each person gets guilt-free personal spending money.
- 4
Pick your shared savings goals and decide how much to put toward each one every month.
- 5
Review the household summary together each month and adjust as needed.
Who this template is for
Couples combining finances for the first time.
Married partners who want transparency in household spending.
Families with children managing education and childcare costs.
Roommates splitting shared living expenses.
Why use Clarity instead?
This template is great for manual tracking, but Clarity automates everything for you. Connect your bank accounts, brokerages, exchanges, and wallets and see real-time data without entering a single number.
- Automatic transaction imports from 12,000+ institutions
- Real-time portfolio values and net worth tracking
- AI-powered spending insights and budget recommendations
- Tax-ready reports with automatic cost basis calculations
- One dashboard for banks, brokerages, crypto, and DeFi
Frequently Asked Questions
Should couples split expenses 50/50 or proportionally?
Proportional is usually more fair. If one partner earns 60% of the household income, they cover 60% of shared costs. That way both of you end up with similar spending power relative to what you earn.
How much should individual allowances be?
A good starting point is 5-10% of each person's take-home pay. What matters most is that you both agree on the number and neither person judges how the other spends theirs.
How do we handle debt that one partner brought into the relationship?
Totally up to you. Some couples share all debt, others keep it separate. A popular middle ground: minimum payments come from shared funds, but extra payments come from the individual allowance of the person who holds the debt.
Related templates
Other templates you might find useful.
Monthly Budget Template
A simple monthly budget spreadsheet that helps you see where your money actually goes. Track your income, fixed bills, everyday spending, and savings all in one place. You get automatic totals and a column that shows how your spending stacks up against your plan.
SavingsSavings Goal Tracker
Saving for a bunch of things at once? This tracker helps you manage multiple goals — vacation, home down payment, new car, wedding, whatever. See your progress, plan your monthly contributions, and know when you will hit each target.
SpendingSubscription Tracker
Find out exactly how much you are spending on subscriptions. List every recurring charge, spot the ones you forgot about, track renewal dates, and figure out which ones to keep and which to cut.
Ready to go beyond spreadsheets?
Clarity connects to your financial accounts and automates what this template does manually. Real-time data, zero data entry, and AI-powered insights.