Achieve savings and other goals. When you have the data available to track your spending and reduce expenses, you’ll be able to achieve some other financial goals.Maybe you can reduce dining out from eight to six times per month and lower the amount spent shopping online. Cut non-essential expenses. The next step is to cut some non-essential expenses from your budget.The best way to identify runaway spending is to create a budget and track each expenditure. Get a clear picture of your spending habits. You might have no idea how much you are spending each month on caramel macchiatos until you see the figures in black and white.A few of the other benefits of using a budgeting template include: Confronting your finances head on is the best way to reign in your spending and achieve your goals. No one wants to live paycheck to paycheck or, worse, find that they are coming up short at the end of every month. We’ve already touched on a few of the reasons that you might want to use a budgeting solution. Major Benefits of Using an Excel Family Budget Template As you break down your monthly expenses, these should match up well enough with what you have coming in so that you can pay your bills, save money, and meet other financial goals. Imagine all of your monthly bills and your incoming cash. In short, a personal budgeting template is meant to be simple to use. Templates vary in complexity and features but are generally designed so that there is an easy to follow format to help you manage your money. What Are Family Budget Templates?Ī family budget template is a pre-made solution to help you categorize and analyze your family finances for a certain period, such as a month, quarter, or year. Check out a list of money saving products I use, in order to drive your costs lower on things like cell phones, internet, energy, water, insurance, and much more.A free Excel family budget template is an excellent tool to analyze spending, cut debt, and boost savings. It will be a lot of hard work and a challenge, but completely worth it. Now that you know what your budget looks like, the fun work begins – optimizing your monthly budget. Ideally, this personal finance budget planner will allow you to predict how much cash flow you have available to spend during a given month so that you can plan throughout the year. You should really only need to update your sheet periodically as an income or expense item changes in amount, or at the end of every month as you you receive your statements. Next, you will want to fill out your one-time items:įinally, add your totals on the corresponding rows (12 and 45 in the original) on the ‘Total Budget’ sheet: First, click on the tab (at the bottom) for the corresponding month: Now, you will want to account for one-off income and expenses for each month. The expenses section is highlighted below.ģ. All months in which you don’t pay that expense should have $0 posted. auto insurance) that you only pay once per year, pro-rate (divide by 12) to get a monthly budgeted amount, and then fill out the cell for the month the expense was paid. If you have consistent one-time expenses (e.g. Next, collect your credit card and bank statements to fill out your regular expenses. First, grab your W2 so that you can input all of your income rows, in the section as shown below:Ģ. Here is a step-by-step process for filling out your budget.ġ. However, make sure that the formulas in the ‘Total’ rows compensate for your alterations. How to Use your Free Personal Budget Planner SpreadsheetĮveryone’s personal income and expense lines are going to vary slightly from what you will find in this personal budget planner. csv spreadsheet, you can also select ‘File’ and ‘Download’ to download the spreadsheet in the format of your choice. If you prefer an offline Excel (.xlsx) or. Do not request to share as that will not do anything – just make a copy and use the copy for your personal use. Now you should be able to edit your own version in Google Docs. If you do not have a Google account, create one here. In order to save and edit your own version of this spreadsheet, log in to your Google account, select ‘File’, and ‘Make a Copy’. You’ll notice that you cannot edit this spreadsheet. Free Budgeting Spreadsheetįor the free Google Drive personal budget planner spreadsheet, follow the link below and either log in to your Google account, select ‘File’, and ‘Make a Copy’ or ‘File’ and ‘Download’:Ģ personal budget planner (Google Drive) I have also included an easy-to-follow tutorial on how to use these spreadsheets. The spreadsheets included in this post have brought theory full circle and will give you the functional tool to do it. Recently, I posted an article about how to create a personal budget, which gave the theory behind creating an easy to use personal budget.
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