Now that you have a budget down on paper, it is easy to see where your money goes. It will now be easier for you to spot areas where you can economize to manage your household budget better. You can rationalize your spending by going through your expense spreadsheets line by line and marking off expense items you can adjust. You will find that these expenses would include your food, transportation, and entertainment costs. Depending on how much you are spending for these items, you can devise a plan on how to reduce them to your target.
Take your coffee expense, for example. Going for a tall cup of latte from your neighborhood coffee shop would set you back a couple of dollars to maybe around $5. Add this up for 5 days of going out for coffee in a week and you have a monthly expense of anywhere from $40 to $100. Try getting beans instead and brewing your own cup every day and you will save at least half of this amount. Do the same pencil pushing for your other expenses as well and see how much you can come up with in savings.