The good news is that if apps aren’t your thing, you don’t have to complicate your life by asking yourself, “How do you make a printable budget sheet?”
PERSONAL BUDGET EXCEL HOW TO
See: How To Build Your Savings From Scratch 9 Free Budget Templates and Spreadsheets
PERSONAL BUDGET EXCEL FULL
And in a world full of budgeting apps that allow you to swipe and tap your way through your monthly budget, some people still prefer to use good, old-fashioned budget templates and spreadsheets. A 2022 survey found that 86% of people track their monthly income and expenses, up from 80% in 20 and roughly 70% pre-pandemic.
PERSONAL BUDGET EXCEL REGISTRATION
If your car registration is due in January, for example, then your car rego category would only have a value under January, the rest of the year would be 0.Budgeting is more popular than ever. I’ve typed in some data to show you what it will look like, but you wouldn’t just type the same thing for each month. You will notice that the formulas change automatically as you add your data (tip: use the fill handle to copy values across your budget). If there are months where the income or expenses are zero, then type 0 – this will ensure that the average calculates properly. If you’ve been tracking your expenses, then use the information to fill in your budget. Type in expected income and expenses for each month. So you want to make sure there are no calculation errors in your spreadsheet.ĭo this by entering easy data like $10 into various parts of your spreadsheet and making sure all the formulas calculate correctly. The budget decisions you make are only as good as the data you’re relying on. Save As again to create a budget just for this year. Save As now and you will have a template that can be reused every year. Tip: if you type January and click on the small black box (fill handle) in the bottom right-hand corner of cell B2 and drag it across, it will fill in the rest of the months for you without you having to type them. Next, type the months along the next row, staring at B2. Start a new document and give it a heading like Budget. Make sure to customise the spreadsheet expense and income categories to your personal circumstances. Steps Building A Basic Home Budget Spreadsheetīelow are the steps, accompanied with diagrams, to creating a basic home budget. You should always consult a qualified financial expert when making money decisions to tailor plans to suit your circumstances. In this blog, I share my savings and budget planning and what works for us. If you don’t have Excel, then the free alternatives ( Open Office or Google spreadsheets) are pretty similar and this tutorial should still be helpful the functions will just be in different menus.ĭisclaimer: This is general information only. The tutorial is based on the latest version of Excel, so if you’re using the older version of Excel, you will find the same functions in the toolbar and menu bar. This tutorial starts from the very beginning for those who have never met a spreadsheet before. When you create your own budget yourself, you can customise it to meet your own needs and circumstances exactly. I have been using it now for over a decade.
Excel is an awesome program for personal budgeting.
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