With the help of my husband, who uses Excel a great deal for work, I have set up the following spreadsheet to track our family’s income, savings, investments, and expenses:ĭuring the first week of each month, I print off the previous month’s page so that my husband and I can look over and discuss our finances. So without further ado, here is a breakdown of the system I use.Įditor’s note: even with all of the cool budgeting tools available today, the vast majority of my Masters of Money guests use(d) some type of modified Excel spreadsheet to track expenses or budget ( just like I did). I mentioned to PT on our podcast conversation that I have an Excel spreadsheet that I use to keep tabs on every penny that passes through our family’s coffers, and he suggested I explain my system. So, it should come as no surprise that the detail-oriented piggy-bank counter has grown up to use a pretty complex system for keeping track of my household budget.
As a small child, I used to empty my piggy bank, count everything that was inside, and put it all back in, feeling pretty good about my net worth as an 8-year-old. The templates help in recording a wide assortment of heads of expenses and categories covering different types of expenses and payments.I have long been a money nerd. These templates can effectively be used for storing income details such as wages, dividends/interest, transfer from savings and reimbursements/refunds. The monthly budget can easily be allocated using these templates. These templates are helpful in monitoring the differences between actual earnings and actual expenses at the end of each month. Monthly budget spreadsheet templates are of good help in coming up with the right monthly budget for varied expenses right at the starting of the month. What Are the Benefits of Monthly Budget Spreadsheet Templates? These templates are of good use whether you are creating monthly budget for household expenses, project work or a life event like wedding. Monthly budget spreadsheet templates can either be complicated or simple depending on your requirements. These templates also allow individuals to see if there are drastic changes in their monthly bills and in comparing their monthly bills with those of the previous months. These templates are actually needed for tracking earnings and expenses every month and for seeing where one can cut back for increasing their savings. Monthly budget spreadsheet templates are needed for getting a better grasp on the finances and the savings of a family or a commercial business on a monthly basis. When Do You Need Monthly Budget Spreadsheet Templates? However, since there are different types of monthly budget spreadsheet templates available online, it is necessary to make the choice of the right template carefully.
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