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. Additionally, this template shows the difference between actual expenses and budgeted expenses in graphical form. Monthly Household Budget with Charts is a ready-to-use excel template with a detailed list of expenses in different categories like children, vacation, and routine expenses. In my opinion, the #1 problem associated with using a spreadsheet for your personal budget is the chance that you'll make errors. Download Monthly Household Budget Excel Template. 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. Choose the template you want to use to see more details and click 'Create' to open the template. Enter the word 'budget' into the search box and youll see many options. To see the budget templates in Excel, open the application and select 'More Templates' in the Home section. You can also highlight expenses above certain pre-defined amount. Related: How To Create Custom Templates in Excel. Sovan uses the circular reference formula technique we described in that post. Easily customize any of these budget templates in Microsoft Excel feel free to change the font, graphics, and more to make your budget feel more personal. As you enter the expense, the time stamp is automatically generated (read automatic timestamps in excel ). For expense tracking, you could use my Income and Expense Worksheet, Checkbook Register, or the newer Money Manager. Using this spreadsheet, you can track your expenses. 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. Keep track of your food budget and make sure you stay within your limits. This free Food Budget Excel Template helps you easily plan and track your grocery expenses. 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. Food Budget Excel Template: Track Monthly Grocery Costs & Save Money. If you don't own Excel, then Google Sheets and OpenOffice are free options to consider. 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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