![]() ![]() If your Net is negative, that means you have overspent your monthly budget.Īdding or Removing categories: You need to be careful when adding or removing categories, to avoid messing up the formulas used for calculating the totals. The Monthly Budget Summary table in the upper right of the worksheet totals up all your income and expenses and calculates your Net as Income minus Expenses. So, if you spend more than you budgeted for, the value in the Difference column will be red - to help it stand out as a warning. The spreadsheet uses the accounting format where negative numbers are in parenthesis like (115.00), and conditional formatting is used to make the negative numbers red - red means bad in this case. The calculations in the "Difference" column are set up so that negative numbers are bad. Using the Personal Monthly Budget Template See our articles Make a Budget and 5 Basic Budgeting Tips if you are just getting started or new to budgeting. At the end of the month, you record in the "Actual" column how much you really spent during the month.įor a more detailed set of budget categories, see the Household Budget worksheet. ![]() This represents your goal - you're trying to keep from spending more than this amount. You record your desired budget for each category in the "Budget" column. The purpose of this type of budget worksheet is to compare your monthly budget with your actual income and expenses. Some numbers are included in the Home Expenses category as an example, but you'll want to replace those numbers with your own. You won’t miss anything.To use this template, just fill in numbers that are highlighted with a light-blue background (the Budget and Actual columns). Monthly Budget Template Features Summary: This will ensure you a financially disciplined lifestyle that paves the way for savings growth and financial security. So, download Excel Monthly Budget for a systematic approach to managing your expenses and budgets. It also includes cool summary charts and easy navigation.įrom managing daily bills to planning for long-term goals like education and retirement, the Monthly Budget Template serves as a reliable tool for navigating the complex landscape of personal and family finance. You will be able to see the balance and expense distribution in this nice dashboard. Dashboardįinally, in the Dashboard section, the monthly budget worksheet will show your status. You can also add sections dedicated to insurance premiums, tax obligations, and loan repayments, assisting users in staying atop of their bill payments while avoiding late fees and penalties. With special categories for dining, entertainment, and medical expenses, it ensures that every aspect of your household budget is accounted for, promoting mindful spending and savings accumulation. This template facilitates budgeting, allowing you to allocate funds to various categories such as home and living costs, electricity and other utilities, education fees, and transportation expenses, providing a comprehensive view of your monthly spending habits. Press the (+) sign to get additional rows so that you can write the sub-expenses of each and then get the Total Expenses at the end. 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. All of us need to make a budget every month unless your father is Warren Buffet or so. ![]()
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