You may learn how to use Excel better in the process. You’ve probably heard by now that you need to keep track of your business income and expenses, but you may be wondering HOW to do that. If you use and customize any template for your personal budget, make sure you understand how it works and always double-check the formulas. All templates have pre-loaded formulas, so you can simply type in the numbers and let the calculator template do all of the hard work for you. Share this file with the person(s) responsible for payments. When you install the Sheetgo budget vs actual template, three Microsoft Excel files with pre-built Sheetgo connections are saved to your preferred cloud-based account: One Expenses spreadsheet. The flexibility comes at the price of possibly deleting or messing up an important formula, or making bad assumptions. These stylish Microsoft Excel calculator templates are easy to use, even if you’re not an Excel expert, and theyre perfect for business or personal use. What you get with the Budget vs actual template in Excel. In my opinion, the #1 problem associated with using a spreadsheet for your personal budget is the chance that you'll make errors. If you’re self-employed, include home office expenses and other deductibles to help save time during tax season. Columns include Payment Date, Method, Description, and Amount. Keep track of business expenses with this simple spreadsheet template. Save time and money with these personal budgeting templates. 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. Download Business Expense Template Microsoft Excel. Get started on your personal finance journey with a budget template today. 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. 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. Microsoft Excel isn't free, but if you already own Excel, then you can create a budget without purchasing other budgeting software. There are so many ways to make handling Excel spreadsheets less stressful, and templates are one of the ways to go. 42 Effective Ways to Save Money Budgeting Tips for the New Year Why Use Excel for your Personal Budget?įirst reason: it's free.
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