Secondly, in the Expense table, there are lots of expenditure categories that you can modify according to your own special needs. Once you do that the monthly budget template will automatically Total Income for you. The template not only focuses on expenditures but also helps track revenue streams, including passive income, providing a clear picture of your financial health and helping plan for savings and retirement effectively.įirstly, you will type in the date you take the money income, description of the item, and the actual value. The template is consists of 3 main sections:īefore starting Dashboard, enter your expenses and income items for a month. The Monthly Budget Excel Template is a simple, user-friendly planner designed to aid individuals and families in managing their personal finance with ease and accuracy, ensuring a stable and secure financial future. You can use this Monthly Budget Excel Template for personal financial planning. And to do so, having a pre-made Excel budget worksheet is a good idea. Because making a budget plan will help you to have a strong financial situation. You should know where your money is going each month. You just need to find the one that works best for you.All of us need to make a budget every month unless your father is Warren Buffet or so. There are plenty of other budgeting strategies available. If you aren't ready to commit to the chore of taking a deep dive into your accounts each month, that's OK. You might have specialized categories for things like 'fishing' or 'knitting.' Don't be afraid to drill down into your specific spending patterns to build a spreadsheet that will reflect your real spending choices, including your desires and hobbies. If you decide to move forward with a budgeting spreadsheet, you can craft one with categories that suit your needs.

As you look at each expense, you'll be forced to consider whether or not each purchase was worth it. In the very first month, you'll quickly see where you are overspending. You'll need to be willing to commit around 30 minutes a month to pore over your expenses.

Is a budget spreadsheet right for you?Ī budget spreadsheet is a bit more time-consuming than a budgeting app. Plus, we've even been able to set aside funds for big money goals like retirement.īut we haven't had to stop spending on things that we value, thanks to the monthly reminder of our spending choices. We've built savings for a down payment on our first home and built a $35,000 emergency fund. Since using a spreadsheet to budget, we've been able to tackle big financial goals by identifying areas where we can cut spending and save more. I'm the first to admit that it felt a bit tedious at first, but this habit has become a critical part of our solid financial foundation.Īn example of the author's budget spreadsheet. We record each expense in the appropriate column it takes about 30 minutes to complete the process. Once a month, I sit down with my husband and we comb through our spending. The beauty of a budget spreadsheet is that you can create any number of categories to help you drill into the details of your spending. Although there are more convenient apps out there that would do this for me automatically, my spreadsheet habit works best for me.Ī few of the categories in our spreadsheet include travel, housing, transportation, pet, groceries, eating out, fun splurges, and miscellaneous items. I use a simple spreadsheet to track and add up my expenses in each spending category.

However, a simple spreadsheet has worked wonders for my family's budget to help us achieve our money goals. But I've come to see a lot of value in my monthly budget-spreadsheet session.Ī spreadsheet might not be the right budgeting tool for everyone.

Personal budget planner excel template