![]() #Personal budget example how toYou may learn how to use Excel better in the process. If you use and customize any template for your personal budget, make sure you understand how it works and always double-check the formulas. The flexibility comes at the price of possibly deleting or messing up an important formula, or making bad assumptions. In my opinion, the #1 problem associated with using a spreadsheet for your personal budget is the chance that you'll make errors. Whether you want to better control your finances or are saving for a specific goal, there’s a personal budgeting template from Excel that will work for you. Monthly and yearly totals are calculated, and sparklines highlight trends and patterns in your spending. it's just a disclosure to say that I don't ONLY use Excel any more.Ī spreadsheet may not be the best budgeting solution for everybody. Personal budget templates help you track monthly income and expenses. I started out using Excel to do everything, but I began using Quicken after a friend showed me how easy it was to keep track of checks and credit card charges and download transactions directly from my bank. A budget is almost useless without tracking what you are spending. For expense tracking, you could use my Income and Expense Worksheet, Checkbook Register, or the newer Money Manager. Tracking your income and spending comes both before and after making a budget. ![]() For example, I like to use cell comments to explain certain budgeted items in more detail (such as the fact that in May, there is Mother's Day and a couple of birthdays to remember).Ĭreating a simple personal budget (even if it is only on paper) is one of the first steps to gaining control of your spending habits. You can also take a look at our other useful articles. #Personal budget example pdfAlso, you can download and use this template in Excel, Google Sheets, or in PDF format. The reason I use Excel when working with my home and business budgets is that it gives me complete flexibility to keep track of the information the way I want to. Here we provide you with a free downloadable personal budget spreadsheet that is used by individuals and small businesses to track their day-to-day expenses, income, savings, and receipts. ![]() If you don't own Excel, then Google Sheets and OpenOffice are free options to consider. This can be challenging if your pay amount changes or varies. ![]() Microsoft Excel isn't free, but if you already own Excel, then you can create a budget without purchasing other budgeting software. The first step to creating a personal budget is to have a clear, definite amount of money you earn. 42 Effective Ways to Save Money Budgeting Tips for the New Year Why Use Excel for your Personal Budget?įirst reason: it's free. ![]()
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