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 includes income tracking, savings goal progress, investment tracking, and finally, expense tracking. It was designed by our editor, Emily, as a complete budgeting system for her household. Everyone has different motivations on practicing this discipline. Get an account that has the ability to have a credit or debit card associated with it (like a checking account). The last spreadsheet on our list is a big one. Rationale: Create a collection of practical budgeting/expense tracker or apps that fits each members lifestyle to motivate members on managing finances diligently throughout this year. 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. This will segregate all of your expenses for your rental property and make it so much easier to keep track of. The first step is to find the Google Sheets budget template. 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. Locate and Open the Google Sheets Monthly Budget Template. 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. 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. If you don't own Excel, then Google Sheets and OpenOffice are free options to consider. 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. We have created an excel template for Personal Income-Expense Tracker with predefined formulas. To see the budget templates in Excel, open the application and select 'More Templates' in the Home section. Personal Income-Expense Tracker Excel Template. Microsoft Excel isn't free, but if you already own Excel, then you can create a budget without purchasing other budgeting software. Related: How To Create Custom Templates in Excel. 42 Effective Ways to Save Money Budgeting Tips for the New Year Why Use Excel for your Personal Budget?įirst reason: it's free.