It will provide you with the amount you are left with i.e. Once all these values have been entered, your summary table will be ready too! The best practice would be to put in place money for these expenses so that you are prepared for it.Įnter amounts for each of these expenses.Įxcel will automatically calculate the percentage allocation for the expenses categories and the TOTAL monthly expenses as well. In the Expenses section, there are different categories mentioned like home, food, health, transportation, debt, entertainment, personal care, etc. The next step would be to list down where you spend your money each month. The amount in dollar terms for each Saving & Investment and the TOTAL savings amount will be automatically calculated in Excel. Enter the percentage of your income you want to save. You need to determine the amount you wish to put aside for different milestones in the future. Next, you should plan your savings for different purposes based on your income and expenses. The total income will automatically be calculated and displayed in cell F7 – $6350. If you have your own business but the income is not constant, you can take an average of your past 6 months and enter that amount.įor example, you can enter a salary income in cell F4 – $5,000, extra income from part-time jobs in cell F5 – $850, and income from investments in cell F6- $500.
MONTHLY EXPENSES TEMPLATE EXCEL HOW TO
Let’s look into each of these steps one-by-one!ĭownload this Excel workbook and follow this tutorial on how to make a budget spreadsheet in Excel:īegin using this template by entering the different sources of your monthly income.įor a person with a salary, simply enter your monthly salary (post-tax) and income from other part-time jobs or passive income streams.
MONTHLY EXPENSES TEMPLATE EXCEL FREE
The steps followed in this FREE Excel template are: You can easily manage your money with this free Excel template and you will never exhaust your funds and enter into a debt hole. You need to plan your savings and spending goals so that you never run out of money at the end of the month and keep your wife or boss happy. This Free Budget Spreadsheet can be used to keep your finances intact. Just put in values in a few cells and Excel will calculate the rest for you! A simple solution to this is to use an Excel budget spreadsheet!Ī Budget spreadsheet template can make the process of financial allocation simpler and help you gain visibility into your finances. But following this, in reality, can be quite a task. The basic principle of any budget is to keep your expenses lower than your income and you will be never running out of money.
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