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Family Balance Sheet

where family, life, and finances meet

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Free FBS Template

This post may contain affiliate links. That means if you sign-up for services or make a purchase after clicking on a link below, I may earn a small commission at no extra cost to you.
Also, I am not a financial advisor. I'm a blogger who LOVES to share how I manage the finances for my household.

My husband and I try to meet to discuss our finances on a monthly basis. We review our spending, our cash flow and our Family Balance Sheet.

I created our Family Balance Sheet as a way to communicate with my husband the details of our family and business finances. I wanted something on one piece of paper where I could show him our short-term and long-term savings account balances and our debt balances. It is one thing to discuss goals in January, but if we aren’t reminded regularly, we could lose sight of the big picture and what we are working so hard for.

I pair this sheet with a Quicken print-out of our monthly spending by category.

The form is not time-consuming. I simply enter the balances as I get my monthly statements.

Create your own Family Balance Sheet

The Asset portion is column A – D, and the Liabilities portion is E – J.

  • Column A = Name of Account
  • Column B = Balance
  • Column C = Target Balance
  • Column D = Difference between the target balance and the actual balance. How much do we need to save to get to our target.
  • Column E = Name of Account
  • Column F = Monthly debt payment
  • Column G = Loan balance
  • Column H = final due date of the loan
  • Column I – Interest rate or finance charge
  • Column J = Statement date

On Line 25, there is a formula to calculate your Net Worth. Assets – Liabilities = New Worth

Christmas & Gift Spending Budget

Included in your excel spreadsheet is a tab for your Christmas & Gift Spending Budget. This is the exact budget that I use to manage our spending for gifts and holidays.

Get your Family Balance Sheet Excel Spreadsheet:

To any interested readers: Download your own Family Balance Sheet excel spreadsheet for FREE. It will be blank, but have the formulas and you will be able to add additional rows if needed. Please read the instructions in the first tab and/or refer back to this post, but if you have any questions, please email me at familybalancesheet @ gmail (dot) com.

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I love it when you share! Please keep in mind that all images and text on this site are property of Family Balance Sheet. Feel free to use one or two photos provided that a link back to my original post is included. Please do not remove any watermarks, crop, or edit any of my images without first obtaining written permission from me. Please do not replicate or copy any content from Family Balance Sheet without written permission from me. All free printables & spreadsheets offered are for personal use only. Pinning is always welcome and appreciated! Thank you!

Disclaimer

FamilyBalanceSheet.org is for informational and entertainment purposes only. I am not a financial professional. I’m a girl who loves to talk and read about personal finance and how it relates to hard working families. If you feel you need financial advice, please seek out a competent professional.

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