3. Find a household budget template Download a budget spreadsheet and adapt it for your household. NerdWallet has a free budget worksheet that can be tailored to your financial situation.

Creating an effective monthly budget is crucial for financial stability and growth. By understanding the 50/30/20 rule and utilizing modern budgeting tools, you can take control of your finances.

But, is there anything we’re missing? Yes, there just may be! If you haven’t already, be sure to include these household budget categories as you review your finances. Every month, you should ...