Start with take-home income
Use the amount available after taxes and predictable deductions.
Budget glossary
What is a family budget?
A family budget is a monthly plan that helps a household decide where income should go and compare that plan with real family expenses.
Family budget basics
List family costs
Include groceries, housing, utilities, childcare, school, medical, transportation, debt, savings, and flexible spending.
Compare every month
The budget becomes useful when planned amounts are compared with actual expenses.
Make the budget visible
LogByTech helps your family keep expenses and budgets in one shared workspace.