If you are hoping to save money on your expenses while trying to grow your military family to a larger size, you may want to consider using a military family budget worksheet. The worksheet is designed to help you break down each of your expenses in an easy to follow format and is also featured at: http://www.piplearning.com/military-family-budget-worksheet/

Life in the military isn’t cheap. But there are plenty of ways to get money without having to be called to active duty. Explore the money you have available to you and spend it wisely.

It’s time to take a look at budgets, and see how they work. Why? Well, budgeting can help you ensure you’re getting the most out of your money, while making sure you’re spending wisely. Besides, it’s good not just for families in the military, but for any family that wants to be more financially responsible.

As a Navy family, my husband and I have saved thousands of dollars over the years by using a military budget spreadsheet like the one below. Well, uh… technically, it was a simple note made in the app on my phone. But aren’t paper and pen much better? Anyway… It wasn’t easy and it took a while before we were on the same page. You’ve probably heard about the costs associated with business travel and layovers! Perhaps you too are experiencing these or other situations that make you think it is impossible to save money. But, uh… We’re finally here, and so are you. And it all starts with creating a military family budget!   word-image-16768 word-image-16769 Note: This article may contain affiliate links, but at no extra cost to you. Click here for the full disclosure policy.

Fill in Worksheet

For my budget, I only indicated the amounts for base salary, BAH and BAS. Then I calculate the total payroll minus taxes to get the actual payroll. Based on this, we decided to deduct 20% to save before spending anything else. (You can start with a lower percentage and gradually increase it). This chart will show you approximately how much you can save each month. Since the housing allowance varies from person to person, it is calculated on the basis of basic salary only.

Payment class Savings Target (10% – 20%)
E-1 A19 (1733.10) 173 $ à 346 $
E-2 A19 (1942.50) 194 $ à 388 $.
E-3 (2042.70) From $204 to $408.
E-4 (2262.60) From $226 to $452.
E-5 (2467.50) 246 to 493 dollars
E-6 (2693.70) from $269 to $538.
E-7 (3114.30) From $311 to $622.
E-8 (4480.20) 448 $ à 896 $
E-9 (5472.90) 547 $ à 1094 $.

You can save much more if you add other benefits! Example: Base Salary (E4)- $2262.60 BAH (VA)- $1734.00 BAS- $372.71 Total= $436.31 Savings (10-20%) = $437 to $874 per month Are you ready to budget? Below are the details of all the steps:

  1. Calculate your total income after taxfrom all sources.
  2. Set a savings goal.Decide how much you want to save each month and take that amount first. I recommend at least 10%.
  3. Make a list of all your needs.After you have calculated the total amount, use what is left for your needs.
  4. Make a list of all your wishes.
  5. Adjust your spending. If there is not enough money to cover your expenses, you need to find ways to reduce them or increase your income.
  6. Comply with plan. Track your progress throughout the month to avoid overspending.

PROFESSIONAL ADVICE: Review your bank statements to keep track of how much money you are spending. Once you have identified the weak points, circle or mark them all and then add up the costs. For example, I realized that I go to the grocery store too often and buy unnecessary things.


Needs are what you need to survive.When making a decision, think Can I live without it? For me, that included things like rent, utilities, insurance, car, etc. However, some desires may seem necessary. For example, you may want a bigger house than you need. Or maybe you need clothes, but don’t need to buy new ones every month.


Wishes are things you want but don’t need.These include food, haircuts, entertainment, season tickets, etc. Some things don’t fit easily into a category. Food is essential for survival, but what you buy can be easily modified. Ex: Food and water are necessary, but expensive cuts of meat or gallons of juice are not. Related:Check out my $200 a month healthy eating budget for two for money saving ideas!

Download your free military budget spreadsheet now!

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Budgetary assistance to military families

The main way we saved money each month was to rent a small apartment instead of spending our entire BAH. We also only have one car, which saves us money! Another good way to save money is to live on one income, even if you have two sources of money. When I was lucky enough to find a good job after moving, I saved the extra money instead of finding new ways to spend it. It’s not your salary that makes you rich, it’s your spending habits. – Charles A. Jaffe We also already get a free eye exam through the Tricare program. But did you know that on sites like EyeBuyDirect you can order glasses for as little as $6? It’s crazy, isn’t it? There are many ways to save money! Here’s a post with more ways to live cheap and save more money! You can also check out some other great ideas from these milsots on how to save money in the military. If you remember something we didn’t mention, please share it in the comments!

Whether you’re planning for a large purchase or need to repair your car, you can quickly and easily track your expenses to find ways to save money.. Read more about navy federal mortgage counseling and let us know what you think.

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