![]() You 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. 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. ![]() 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 the next month, simply duplicate the worksheets. The template is suitable for a month’s budgeting. The template comes with editable cells to customize the expense and income headers. This version is roughly the size of US currency. Budget calculator is an easy-to-use tool to manage your expenses and income monthly in Excel desktop app, Excel online, and offline format. Cash Envelope Register (Short) Print simple registers to insert into your cash envelopes for tracking your budget. For expense tracking, you could use my Income and Expense Worksheet, Checkbook Register, or the newer Money Manager. Use this spreadsheet to help you create a monthly budget where every dollar of income is planned to go to savings or expenses. Consider resizing your browser window or adjusting frozen rows and columns. Tracking your income and spending comes both before and after making a budget. The current window is too small to properly display this sheet. 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. 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. Household Budget Worksheet (monthly) - More detailed and includes child expenses. Monthly Budget - The monthly version of the above spreadsheet. If you don't own Excel, then Google Sheets and OpenOffice are free options to consider. For the sake of documenting changes to the spreadsheet over time, here is a screenshot of the older Excel 2003 version: More Budget Spreadsheets. Microsoft Excel isn't free, but if you already own Excel, then you can create a budget without purchasing other budgeting software. ![]() 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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